BlackBerry reduces losses, but Wall Street expects earnings - Free Of Cost Downloads
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BlackBerry reduces losses, but Wall Street expects earnings

BlackBerry reduces losses, but Wall Street expects earnings

 BlackBerry reports a sequential improvement in sales, but warned that it would issue a further loss in the quarter. The company sold 6.8 million smartphones in the first quarter of the year.

BlackBerry may have shown some progress in sales of its new smartphones, but their loss left many industry observers surprised and disappointed.
Company of Waterloo, Ontario, reported Friday a loss of $ 84 million, or 16 cents per share in the first quarter of the fiscal year that ended June 1. It was narrower than the loss of $ 518 million, or 99 cents per share, a year earlier. Excluding items, the company lost $ 67 million, or 13 cents per share. Revenue rose 9 percent to $ 3.1 billion.

Analysts on average expected BlackBerry to post revenues of $ 3.36 billion and a profit of 6 cents per share. The company sold 6.8 million BlackBerry, but it was 10 broke many BlackBerry. BlackBerry continues to emerge from the abyss as it expands its range of BlackBerry smartphones with 10 engine and tries to boost sales and profits. The company, however, still faces huge challenges in the form of his rivals with deep pockets and several other competitors seeking their own back story. Although the company has excited BlackBerry faithful unconditional, it is still unclear whether other consumers are interested in returning.

"Consumer interest and adoption seems to be declining in society is only partial and slow," said Sanford Bernstein analyst Pierre Ferragu in a research note published Wednesday.
BlackBerry warned that the competitive environment remains difficult and said he would issue a further loss in the quarter. CEO Thorsten Heins said in a statement that the company plans to increase its investment to support the launch of new products and services.

The shares fell nearly 16 percent to $ 12.20 in pre-market.

May introduced BlackBerry BlackBerry Q5 low end, which is adjacent to all-Z10 with touch screen and keyboard Q10 packaging. Sales of BlackBerry Smart phone has increased by 13 percent of its fiscal fourth quarter, but down from 13 percent a year ago, which is before the launch of its first BlackBerry 10 phone. The new findings are important because they represent the first quarter sales of the Z10, which was the first BlackBerry smartphone platform for their next generation. BlackBerry does not specify that sales come with its older BlackBerry devices still sold in emerging markets.

However, industry observers believe that the Q10 - it's more like the traditional BlackBerry - use real catalyst. While the Q10 has been in several markets for a few weeks, which just arrived in the United States earlier this month. BlackBerry does not release its subscriber base, which had declined in recent quarters. The company also sent 100,000 PlayBook tablets.

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