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Blackberry sells 700,000 devices, but revenue still drops $236 million in fiscal Q3

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Blackberry sells 700,000 devices, but revenue still drops $236 million in fiscal Q3

Blackberry is discussing fiscal Q3 2016 numbers in a shareholders’ convention name these days, and the corporate found out a few very fascinating information. Blackberry turns out to have bought up to 700,000 devices this quarter. Unfortunately the corporate wasn’t in a position to reveal how so much of that may be attributed to the Blackberry PRIV, although bearing in mind it loved simply 3 weeks of time available on the market that quarter it’s most certainly now not an vast majority.

blackberry priv devices

That efficiency wasn’t sufficient to stay the corporate’s revenue from losing through $236 million — a 30% yr-on-yr lower — but oddly sufficient shareholders are more than happy approximately that. The unique expectation used to be that Blackberry might lose a ton extra with losses translating to up to 14 cents in line with percentage, but they were able to beat Wall Street’s expectations and publish a a lot more palatable lack of 3 cents in keeping with percentage.

Blackberry stocks jumped 8% consequently, despite the fact that the yr-to-date drop of 25% is still sure to be unsightly for lots of shareholders. So why will have to any of them rejoice?

Well, it presentations the Waterloo corporate is at the mend. Their determination to install a daring technique like freeing an Android telephone would possibly have harm the satisfaction of folks that dreamt of Blackberry the use of in-space generation solely, but opting to penetrate a longtime marketplace for the sake of making improvements to numbers turns out to were the fitting transfer going ahead.

It turns out Blackberry understood the want to diversify very early on. The corporate used to be already making movements for the longer term by way of opening up the Blackberry Enterprise Server suite to Android, which might have served as a pleasant protection web in case their hardware industry was unsustainable.

Any doubts approximately Blackberry’s new technique in the early going would possibly want to be suppressed, but we’ll need to get a clearer image of the corporate’s long term plans prior to they’re utterly vindicated by way of shareholders. As for the shoppers? It does make it all of the much more likely that Blackberry will pass ahead with intended plans to launch a second Android-based Blackberry phone down the line, and for his or her sake we are hoping it’s one thing that’ll actually shake the marketplace up.


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