The moment of truth: BlackBerry to announce financial results for Q1 of fiscal 2015 soon
Roughly two months ago, BlackBerry released a financial report that covered the last trimester of the fiscal 2014, which ended on March 1, 2014. Although it was significantly better than previous financial reports, it was more than clear that the company is still not doing well. However, it was only the first financial quarter, during which BlackBerry was completely run by its new head, John Chen, a proven turnaround specialist.
The company's second trimester under his lead ended roughly a week ago and BlackBerry announced today that it is about to release a financial report for the first quarter of the fiscal 2015. The report is due June 19 and we are eager to see if John Chen has succeeded in balancing the books yet again.
Although BlackBerry's CEO is pretty determined to make a difference and bring the company back on its feet, all signs point that this might not happen anytime soon. Just a few days ago, he admitted that certain departments of the company were actually doing worse than he had initially expected.
We suspect that Chen was talking about BlackBerry's handset business in particular, as it continues to lose ground even at home, in Canada, where the company's market share continues to dwindle. However, Chen revealed that he is not considering selling the phone department anytime soon.
We also heard that BlackBerry will release several new keyboard-equipped devices, such as the Q20. It is possible that the rather curious BlackBerry Q30 (Windermere) will be released, too. Only time will tell if these will aid the former Waterloo-based giant.
source: BlackBerry via BerryReview