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Friday, September 27, 2013

Just Another Mobile Phone Blog: BlackBerry losses for the quarter were almost a billion dollars

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BlackBerry losses for the quarter were almost a billion dollars
Sep 27th 2013, 18:31, by Maximus

Problems of BlackBerry, it is no secret to being found confirmation in the financial report for the second quarter. For the second quarter of fiscal year 2014 (for BlackBerry it ended August 31, 2013), the company lost 965 million dollars. The main loss - 934 million dollars it has suffered due to inventory and fines on supplies. Simply put, smart companies are not sold, so she gets the fines by counterparties. In addition, as it became known, to offset the company's sales are only aids delivered to end-users, that is, revenue is obtained not from the supply channel that is already bagged, but only on final sales. Thus, the press release said the company mainly able to realize only models running on BlackBerry OS 7, while sales of new smartphones with BlackBerry 10 in their background were invisible. Total according to BlackBerry for the quarter was a gain from the sale of 3.7 million smartphones. In total for the quarter were sold to end customers 5.9 million smartphones, but these sales are only partially unloaded overstocked channel. not bring profits and other divisions BlackBerry. Restructuring costs totaled $ 72 million (net of tax), and current operations have brought $ 248 million. Grand total of the quarter is as follows: revenue - $ 1.6 billion, which is 49% less than in the previous quarter and up 45% from a year earlier. The decrease in revenue in the directions: 49% of equipment sales, 46% of sales services and 5% - software sales and other revenue.

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