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BlackBerry reveals slow BB10 shipments, operating loss in Q1 results

updated 10:14 am EDT, Fri June 28, 2013

Only 2.7M BB10 OS smartphones shipped in Q1, 6.8M shipped in total

BlackBerry shipped just 2.7 million BlackBerry 10 OS smartphones in the first quarter of its 2013 to 2014 financial year, according to released results. Though the sales of the Q10 and Z10 devices could be seen as disappointing, the news is worsened by it being less than half of the 6.8 million phones shipped in total for the period, with the bulk of that figure made up of previous-generation devices.

While the previous two quarters were positive for the company, with the last hitting an operating profit of $94 million from $2.7 billion in revenue, this quarter effectively cancels this out, by making a loss of $84 million on revenues of $3.1 billion. Approximately 71 percent of revenues come from hardware sales, with 26 percent from services, and the remainder from software and other sources. The phone manufacturer also holds $3.1 billion in cash and investments, an improvement of $200 million from the last quarter.

Shipments of the BlackBerry PlayBook are claimed to total 100,000 units for the quarter. CEO Thorsten Heins, speaking on an investor conference call, stated that BlackBerry will not be bringing BlackBerry 10 to the tablet, citing performance and user experience issues, but did not hint at a potential replacement for the tablet.

After spending the first quarter continuing to "focus our efforts on the global roll out of the BlackBerry 10 platform," which Heins claims the company is still in the early stages of, the company intends to "invest in BlackBerry 10 smartphone launches" for the remainder of fiscal 2014, as well as investing in BlackBerry Enterprise Service 10 and its cross platform version of BlackBerry Messenger.



By Electronista Staff
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