BlackBerry Defies Gravity With Sale Of Part Of QNX Team To Volkswagen - BlackBerry Ltd. (NASDAQ:BBRY) | Seeking Alpha
John Chen is fighting gravity again. He is shuttering underperforming assets and/or generating [size=4]royalties [/size=4]from third parties while cutting expenses. I see the Volkswagen deal as being consistent with that theme. The following chart shows how BlackBerry's quarterly revenues have declined from $1.6 billion in the quarter end August 31, 2013 to nearly $1.0 billion for the quarter end March 31, 2014. Moreover, gross margins increased to $553 million from a loss of $374 million over that same period. Improving margins amid revenue declines? That's the equivalent of fighting gravity.