Mar 29, 2013

Blackberry Sold 1 Million of its Latest Z10 Model


It had sold about 1 million of the new Z10 devices during the fourth quarter ended March 2. It shipped roughly 6 million smartphones in that period.

Net income in the quarter was $98 million, or 19 cents a share, compared with a year-earlier loss of $125 million, or 24 cents a share.


BlackBerry said it believed it would approach break-even financial results in the first quarter, based on a lower cost base, more efficient supply chain, and its improved hardware margins.

Analysts on average had been expecting a loss of 10 cents a share in the first quarter, according to Thomson Reuters I/B/E/S.

Yet the company, which has lost market share to rivals like Apple Inc, is far from out of the woods. Quarterly revenue fell to $2.68 billion from $4.2 billion a year earlier.

Price: Rs. 43,490


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