BlackBerry Released its Quarter Three Report
To those who though BlackBerry is dead, they are not. BlackBerry has just released their quarter three report last Friday. This happened right after they released there Classic, catering to those who still hold true to the BlackBerrys of old.
In the third quarter this year BlackBerry reported that they have sold about 1.9 million smartphones. With that positive sales they made USD793 million (MYR2.76 billion) in revenue while profits comes in at USD16 million (MYR55.75 million). Breaking the revenue down sees hardware sales contributing 46-percent to the total revenue. The same amount was also contributed by BlackBerry’s services. The remaining 8-percent revenue is a combination of the software and other small revenue streams. In total now BlackBerry holds about USD3.1 billion (MYR10.8 billion) in cash and cash equivalent in their bank account.
Although their revenue numbers did not meet Wall Street’s expectations they seem to be happy with their third quarter performance. According to their CEO, John Chen it looks like their will be focusing more on their distribution expansion and revenue growth as well. We believe that considering that they have been pushing for all kinds of reform. Also considering that their revenue numbers have been looking good this past quarter, we do expect another good quarter from them and we are hoping that they are going to make a good year next year.