RBC Capital Markets says 700,000 BlackBerry Passport and Classic handsets were sold last quarter

RBC Capital Markets says 700,000 BlackBerry Passport and Classic handsets were sold last quarter
Securities firm RBC Capital Markets cut in half its estimate of the number of BlackBerry Passport and BlackBerry Classic handsets that the manufacturer sold last quarter. The securities firm now believes that BlackBerry sold 700,000 units of both models in the latest three month period, down from the 1.4 million that it originally expected. RBC's analysts now see 3.2 million Passports and Classic handsets getting sold during fiscal 2016, down from a previous estimate of 6.5 million units. Just the other day, BlackBerry CEO John Chen said that he would get the company back into the black when it comes to handsets.

RBC remains bullish on BlackBerry, saying that the focus with the company should be on software, not hardware. In a note to clients, RBC said, "We’re slashing our estimates on BlackBerry hardware units, but it’s not the focus anyway." BlackBerry expects software revenue to hit $600 million for 2016 after raking in $67 million in the first quarter. That was a sequential gain of 20% from the fourth quarter.

RBC says that BlackBerry needs to work with Apple on increasing its security software offerings for iOS. The securities firm notes that BlackBerry is working with Samsung on a collaboration involving secure devices. It already is expected to release a secure tablet in partnership with Samsung and IBM.

The BlackBerry Passport offers up a 4.5-inch screen with a 1440 x 1440 resolution. The square looking device has a physical QWERTY keyboard that also shows virtual keys based on the context of what is being written. The BlackBerry Classic is a throw back to models like the BlackBerry Bold 9900/9930 with a physical QWERTY, trackpad and function keys.

Thanks for the tip!

source: Valuewalk.com

Related phones

Passport
  • Display 4.5" 1440 x 1440 pixels
  • Camera 13 MP / 2 MP front
  • Processor Qualcomm Snapdragon 801, Quad-core, 2200 MHz
  • Storage 32 GB + microSDXC
  • Battery 3450 mAh(23h 3G talk time)
Classic
  • Display 3.5" 720 x 720 pixels
  • Camera 8 MP / 2 MP front
  • Processor Qualcomm Snapdragon S4, Dual-core, 1500 MHz
  • Storage 16 GB + microSDXC
  • Battery 2515 mAh(11.7h 3G talk time)

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88 Comments

1. Ordinary

Posts: 2454; Member since: Apr 23, 2015

Better device than some of Chinese yet it sells less, I remember the time when BlackBerry was a lot more popular then now. Hope they back on track.

3. hound.master

Posts: 1044; Member since: Feb 27, 2015

Better, black berry is ugly and i mean it, ugly weird and awkward and that Qwerty s**t with i just found out why it's name after that is pointless since the day touch screen devices and swipe born.

6. Ordinary

Posts: 2454; Member since: Apr 23, 2015

In my book its a legend brand, I dont see why so much hate for this but okay

20. ultratechguy unregistered

What's wrong with choice? Some prefer touch keyboards, but I think there are a lot who prefer real physical buttons. Maybe when all of us 20+ year olds who are use to real buttons die there won't be any demand but that will be half a century or so.

54. hound.master

Posts: 1044; Member since: Feb 27, 2015

Just look at the sales they are no different than Nokia they why can't they make a phone like the others no one like a square screen anymore.

4. sgodsell

Posts: 7368; Member since: Mar 16, 2013

The latest BB can run Android apps, and has access to Amazon's app store. I don't think a lot of people know about this.

38. ultratechguy unregistered

yeah and while you won't want to try to run high end games on it, for most apps it works pretty good from what I've seen. And you can even install Android .apk directly just like on android if you can't find the app on amazon.

55. JaneChenLong

Posts: 374; Member since: Mar 18, 2015

The amazon app store selection is not good. If you fine with angry bird, cut the rope, etc, then... good for you. The game is old and not the AAA (very good) game. Furthermore, the game on amazon app store lags in version and hardly updated. and, this bb phone sometimes lags or crash while running android apps. while bb is promising to fix it. I think it just a cat and mouse game between bb and catching up for the google API. (moral of the story) if you want to play android game, get the real android phone, not something wanna be android.

31. waddup121 unregistered

lolol

2. Tziggy14

Posts: 624; Member since: Sep 02, 2014

Just die already BlackBerry.

42. BobbyDigital

Posts: 2125; Member since: May 29, 2014

You first.

79. vespajet

Posts: 4; Member since: Sep 15, 2014

If I had a dollar for every time someone posted that, I would have a nice amount of money......

5. arch_angel

Posts: 1651; Member since: Feb 20, 2015

LOL BlackBerry Is Dying Fast.

26. tom.howard1978

Posts: 107; Member since: Feb 26, 2015

They are going down quick

56. JaneChenLong

Posts: 374; Member since: Mar 18, 2015

They're going down at twice the speed predicted.

66. meanestgenius

Posts: 22049; Member since: May 28, 2014

But nowhere near as quick as you in a back alley at Times Square.

7. meanestgenius

Posts: 22049; Member since: May 28, 2014

It truly amazes me how authors of any given site will run a sensationalist title for an article, and even misquote the source. "RBC analysts estimate near-term sales for the two smartphones to drop to 700,000 from their previous estimate of 1.4 million." That's from the SOURCE. NO WHERE in the article does it say that BlackBerry ONLY SOLD 700,000 handsets. And what's even funnier is that the trolls here on PA like commenters # 2, 3, and 5 (and there will be others, like Jane and Tom.Howard) will run with this MISINFORMATION like its gospel.

9. Alan01

Posts: 616; Member since: Mar 21, 2012

Actually, that is exactly what we wrote. From the story, " The securities firm now believes that BlackBerry sold 700,000 units of both models in the latest three month period, down from the 1.4 million that it originally expected." From the beginning, the drop in sales was about the Passport and Classic. The only incorrect information, I'm afraid to say, was your false comment. Regards, Alan F.

22. meanestgenius

Posts: 22049; Member since: May 28, 2014

http://www.valuewalk.com/2015/05/blackberry-hardware-sales-slashed/ THAT is the SOURCE ARTICLE. That is what I'm quoting from.

8. Ikechukwu

Posts: 250; Member since: Oct 03, 2011

I bought one haha

14. tom.howard1978

Posts: 107; Member since: Feb 26, 2015

Nobody is going to save this company. They need to be bought by Apple. What a pathetic disgrace they are

16. meanestgenius

Posts: 22049; Member since: May 28, 2014

See post #7. Oh, and useless drivel troll post #4092...and counting...

58. JaneChenLong

Posts: 374; Member since: Mar 18, 2015

Perhaps some 'genius' boy will buy a dozen or two.

69. meanestgenius

Posts: 22049; Member since: May 28, 2014

You seem to have an infatuation with "boys". That's not a good look, "man named Jane".

19. ultratechguy unregistered

I just brought a Q10, Looking at the 4 main Operating Systems (Android/IOS/Windows/Blackberry) clearly android is the best but wanted a physical keyboard and feel this was best choice. Also when you really think about it, Blackberry is the second best Mobile OS. IOS while it has more native apps, lack freedom and choice. Good for those who just want a phone with facebook/youtube/fitness but lot of limitations even if you jail break it. Windows Phone is the most stable OS and the design is ok but the lack of freedom to install apps not on windows store pretty much makes it as bad as IOS (only saving grace is a few different manufacturers use it but not many). Blackberry suffers from lack of 3rd party hardware but with ability to install non blackberry certified apps (even android apps) made it a good choice for me. Blackberry has a chance to recover in mobile market as long as they continue pushing updates/stablity/security and offer more phones (I think they should allow 3rd Party hardware to license the os as well).

53. JohnGrant

Posts: 46; Member since: Feb 12, 2015

The Q10 is a 3 year old device btw. The Classic is a faster and larger physical keyboard device.

21. Crispin_Gatieza

Posts: 3137; Member since: Jan 23, 2014

Another article with "estimating" or "believing" being claimed as fact. We just went through this in March with so-called analysts predicting massive losses ahead of the earnings report only to be humbled by the TRUTH. Once again, let's wait for actual sales numbers instead of some Gordon Gecko wannabe's wet dream.

24. gaming64 unregistered

Let the War of the Worlds begin!

25. tom.howard1978

Posts: 107; Member since: Feb 26, 2015

You trolls are hilarious that think BlackBerry is on the rise. You got owned. They could not sell a phone if it was 10 dollars. RIP BlackBerry

29. ultratechguy unregistered

Blackberry not selling like Samsung/Apple is different from them being dead esp. when they are making a profit. As long as they can remain profitable and increase market share they will be just fine. Funny no one is saying this about Microsoft who is actually losing marketshare due to not understanding their own audience.

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