Not bad hope the market sees this as a good thing and not spin it in some way
Not bad hope the market sees this as a good thing and not spin it in some way
I honestly doubt it. Stock manipulation is always in effect so I'm sure they'll be bashed for something.
Sent from AT&T Z10 patiently waiting for 10.1
Premarket goes on like 12,25 atm....
Sent from my BlackBerry using Tapatalk
In english?
Yup, stock is already down because even though it is up, it missed market predictions, even though earlier predictions believed it would be down.
Vegas has better odds and stricter rules.
http://press.blackberry.com/content/...ss_Release.pdf
Full release
Small loss, looks like most of it as a result of situation in one region. Revenue growth good. Loss, not good. Cash increased again. Good. Don't know breakdown of devices old vs. new.
Also - where is the global user base ...?
BBRY $12.26* 2.22 15.33% yep here we go
BBRY $11.92* 2.56 17.68% premarket this looks like panic by people good time to get in when market opens
$84 Million Loss…wow.
So how many BB 10 phones sold?
They aren't saying - hard to interpret that as positive.
Sent from my Lumia 900 using Board Express
Must be bad.
Approximately 40% of those 6.8 million phones were BlackBerry 10.
Source?
Posted via CB10
I am confused... so the Q1 as in Jan-Mar, 2013?
SHIPPED 2.7 million bb10 but they are not providing SOLD numbers, which isnt really a good indication
on the call
Again, source please...
Posted via CB10
Thorston in conference call going on now
They said it on the call.
the figure is closer to 2.4 million
Ouch.
Posted via CB10
Wasn't sell through on ships about 70%? Vague memory of last time Thor spoke. ... So less than 2M bb10 sold? Bad, really bad...
Sent from my Lumia 900 using Board Express
Absolutely no doubt in my mind. It's bad.
There are a lot of other troubling issues here......device margins are troublesome, working capital is at least a concern, service revenue.....the situation looks to be very bad - and now it sounds like they're going to try to obscure that as well...
EDIT: Ok, confirmed: bad.
From TechCrunch: http://techcrunch.com/2013/06/28/bla...2014-earnings/
BlackBerry Misses In Q1 2014: EPS Of -$0.13 On Revenue Of $3.1B, 6.8 Million Phones Shipped
BlackBerry has just released its fiscal Q1 2014 earnings today (yes, their fiscal calendar is a little kooky), and the company still can?t seem to find its footing. The company reported generating $3.1 billion in revenue this past quarter, up 9% year-over-year, but definitely missed most analyst estimates with an adjusted net loss of $67 million (which works out to -$0.13 per share).
Meanwhile, the consensus estimates according to Bloomberg Businessweek were for the company to report earnings of $0.07 per share on revenue of $3.4 billion. As you might expect, BlackBerry?s poor quarterly performance has left the company?s stock price tumbling in pre-market trading: at time of writing, the price is down over 18%.
Now these are undeniably bad numbers, but beyond that, today?s earnings release is a little? odd.
Take hardware for instance. More than a few pundits and analysts ruminated on the importance of the BlackBerry Q10 to the company over the past few weeks ? it?s the first BlackBerry 10 device to sport the now traditional physical QWERTY keyboard, but today?s release doesn?t take into account U.S. shipments. Curiously enough though, BlackBerry didn?t break down its hardware shipments by OS like it usually does ? according to the release the company shipped 6.8 million smartphones, but there?s no word on how many of them run BB10. Last quarter the company reported moving 1 million BB10 devices, so there?s something very strange (and frankly not very confidence-inspiring) about the fact that BB10 hardware doesn?t seem to get a nod this time around.
UPDATE: BlackBerry representatives noted on the earnings call that some 40% of the smartphones it shipped this past quarter were BB10 devices ? that shakes out to about 2.72 million BB10 units moved.
Furthermore, there?s no word on the company?s subscriber base. Last quarter the company reported that it some 76 million subscribers were still loyal to the BlackBerry platform (down from 79 million the quarter before that). Has the number finally dipped to the point where the company would rather not flaunt it despite launching a new operating system and hardware to go with it? It sure seems like it.
If anything though, these next few months will shine even more light on whether or not BlackBerry still has the chops to compete in the crowded smartphone space. We?ll have a clearer understanding of the Q10?s sales impact in the United States, and BlackBerry pulled back the curtain on the entry-level Q5 last month, a device that seems tailor-made to help the company maintain its relatively strong position in emerging markets. It?ll be some time before we get a feel for the impact the Q5 will have on BlackBerry?s bottom line though ? CEO Thorsten Heins noted during the Q5?s unveiling that the device won?t be available until sometime this summer, and declined to delve into which markets would get the thing first.
Speaking of the summer, Heins also noted that the BlackBerry Messenger service would go live for Android and iOS sometime over the next few months. BBM has endeared itself to a considerable chunk of fans (the service boasts ?over 60 million? users across the globe), but we?ll soon see if it?s enough to keep BlackBerry competitive amidst a sea of messaging apps.
As always, the company will be holding an earnings call in just a little bit. Stay tuned ? hopefully Heins explains where all those juicy numbers went.
I thought it was 60%