BlackBerry sells about 1 million Z10s in move to profit

Revenue fell, but the company made a profit during its fourth quarter

Research In Motion Limited, now doing business as BlackBerry, shipped about 1 million BlackBerry Z10 smartphones during its fiscal fourth quarter.

Anything more than a million in Z10 sales in the quarter can be considered a success for BlackBerry, anything less would have been disappointing, according to Ovum. The Z10 is the first BlackBerry 10 OS device.

BlackBerry shipped a total of 6 million smartphones in the quarter, the company said Thursday as it released its quarterly earnings.

Revenue in its fiscal fourth quarter, which ended on March 2, was approximately US$2.7 billion, down 36 percent from the same quarter of fiscal 2012. Net income from continuing operations for the quarter was $94 million, compared to a net loss of $118 million during 2012.

It had about 76 million subscribers, compared to 79 million during the previous quarter.

While the announcement of the first shipment figures for the Z10 is a momentous occasion for the company, as BlackBerry tries to claw its way back in the smartphone market, it is too early to draw any major conclusions from the figures, according to analysts. That's in part because the BlackBerry Z10 just went on sale in the U.S. last Friday.

"The Z10 hasn't been on the market for the full quarter, first of all. Second of all, and more significantly, the U.S. launch isn't reflected in the results. Also, the Z10 is just one in what will be a long line of products in 2013," said Geoff Blaber, who leads mobile device software research at CCS Insight.

There also have been supply constraints in markets where the phone has been launched, meaning that even if people wanted to buy them they haven't necessarily been able to, according to market research company Ovum. The second BlackBerry 10 smartphone, the Q10 -- which has the classic BlackBerry physical keyboard -- won't go on sale for some time, so many of the prime candidates for buying a BlackBerry 10 device will be waiting for that, it said via email.

The first true referendum on BlackBerry 10's success or lack thereof will come after the current quarter, Ovum said.

Send news tips and comments to mikael_ricknas@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags mobilesmartphonesRIMBlackberrybusiness issuesfinancial resultsconsumer electronicsMobile OSesBlackBerry OS

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?