The company formerly known as RIM continues to struggle against the likes of Apple and Samsung-- BlackBerry FY Q1 2014 losses total $84 million despite cost-cutting measures and BlackBerry 10 device launches.
BlackBerry smartphone shipments for the period total 6.8 million units with 13% Q-o-Q growth. The company declines to mention the amount of BB10 devices shipped, while PlayBook tablet shipments reach "approximately" 100000 units.
"Quite frankly, the fear is that with a full quarter of (the new) BlackBerry 10 sales-- we haven't received the BlackBerry 10 unit numbers yet-- but certainly it doesn't bode well for the initial BlackBerry 10 launch, particularly the Z10. But even the outlook for a Q2 loss doesn't bode well for the Q10 either," Morningstar analyst Brian Colello tells Reuters.
Revenues reach $3.1 billion, a 9% Yo-Y (or 15% Q-o-Q) increase. Broken down the sum amounts to 71% hardware, 26% services and 3% software.
The company refuses to read the bones for the next few quarters, instead saying "the smartphone market remains highly competitive, making it difficult to estimate units, revenue and levels of profitability." However the company does say it will "invest" in further BB10 smartphone launches and the transformation of BlackBerry Messenger into a cross-platform messaging service.
