Subscribe free to our newsletters via your
. 24/7 Space News .

BlackBerry narrows loss, sees turnaround progress
by Staff Writers
Ottawa (AFP) Sept 26, 2014

BlackBerry on Friday reported it narrowed its loss in the latest quarter, and expressed optimism that its major restructuring and new business-friendly devices would help fuel a turnaround.

Releasing fiscal second-quarter results, chief executive John Chen said the struggling Waterloo, Ontario-based smartphone and tech group could return to profitability next year.

In a statement he expressed confidence that the company would "achieve breakeven cash flow" by the end of the fiscal year, following a "solid" second quarter.

"Our workforce restructuring is now complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security," he said, adding that he expects profitability excluding special charges in the next fiscal year.

For the three months ended August 30, BlackBerry posted a loss of $207 million on $916 billion in revenues largely split between sales of services and software and more than two million smartphones.

Its adjusted loss excluding restructuring charges was $11 million, or two cents per share.

Analysts had forecast a loss of 16 cents per share for the quarter.

On Wednesday, BlackBerry launched its newest Passport smartphone geared at winning back business customers.

Named for its approximate size to the travel document, the phone was designed to win back key corporate users after BlackBerry was effectively knocked out of the highly competitive consumer smartphone market dominated by Apple and Samsung.

The phone boasts a full keyboard, large screen, a 30-hour battery, a "virtual assistant" with voice-recognition, and a speakerphone with "louder, clearer and sharper sound" than the competition.

It is the third of four new phones to be launched by BlackBerry this year, after a budget Z3 smartphone was launched in Indonesia (one of its last bastions), and a Porsche-designed luxury phone sold in Dubai.

The Z3 was the first to be produced from the Canadian firm's partnership with Taiwanese tech giant Foxconn, which also makes gadgets for Apple.

The partnership involved transferring manufacturing and inventory management to the Taiwanese company, while allowing BlackBerry to focus on software and services.

The upcoming BlackBerry Classic -- which will be similar to the Passport -- will be launched "between now and the end of the year," Chen said at a recent event in Toronto.




Related Links
Satellite-based Internet technologies

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Samsung, BlackBerry speed arrivals of new smartphones
Seoul (AFP) Sept 24, 2014
South Korea's Samsung on Wednesday moved up the release date for it hotly anticipated Galaxy Note 4 big-screen smartphone, hitting the key Chinese market ahead of arch-rival Apple. Samsung's head start in the sizzling "phablet" race came as Apple stumbled, abruptly pulling back an update for the iOS software powering the iPhone after users complained of bugs, including one that disabled cell ... read more

Russia to Launch Full-Scale Moon Exploration Next Decade

Lunar explorers will walk at higher speeds than thought

Year's final supermoon is a Harvest Moon

China Aims for the Moon, Plans to Bring Back Lunar Soil

Back to Driving

India Mars mission enters orbit

India wins Asia's Mars race as spacecraft enters orbit

CME Week: Coronal Mass Ejections at Mars

NASA Seeks Best and Brightest for Space Technology Fellowships

Midland International Receives FAA Spaceport License Approval

Japanese Firm Plans Space Elevator to Run by 2050

Shrink-wrapping spacesuits

Astronauts eye China's future space station

China eyes working with other nations as station plans develop

China completes construction of advanced space launch facility

China to launch second space lab in 2016: official

SpaceX cargo ship arrives at International Space Station

Halfway through Blue Dot mission

Yeast, the final frontier

ISS Crew Trains to Capture Dragon

Soyuz Rocket Awaiting Launch at Baikonur Cosmodrome

Elon Musk, Rick Perry attend groundbreaking for Texas spaceport

France raises heat on decision for next Ariane rocket

SpaceX is not only taking a 3D printer to space, but mice too

Chandra Finds Planet That Makes Star Act Deceptively Old

Solar System Simulation Reveals Planetary Mystery

'Hot Jupiters' provoke their own host suns to wobble

First evidence for water ice clouds found outside solar system

Putting the squeeze on quantum information

Mussel-inspired MIT glue may have naval, medical applications

Larry Ellison releases helm of mighty Oracle ship

'Priceless' 600-tonne jade deposit found in China

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.