12-28-13 07:26 PM
94 123 ...
tools
  1. the_sleuth's Avatar
    12-20-13 07:02 AM
  2. the_sleuth's Avatar
    WATERLOO, ONTARIO--(Marketwired - Dec. 20, 2013) - BlackBerry Limited (BBRY)(BB.TO), a global leader in wireless innovation, today reported financial results for the three months ended November 30, 2013 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

    Q3 Highlights:

    Company begins transition to operating unit structure: Enterprise Services, Messaging, QNX Embedded business and the Devices business

    New organizational structure to drive greater focus on services and software, while establishing a more efficient business model for the Devices business

    Enterprise Services: Company sees increasing penetration of BlackBerry Enterprise Service 10 (BES10) with over 30,000 commercial and test servers installed to date, up from 25,000 in September 2013; Company remains a mobile device management leader with global enterprise customer base exceeding 80,000

    Messaging: Over 40 million newly registered iOS/Android users in the last 60 days; more than a dozen Android OEMs to preload BBM, including most recently LG; over 250,000 BBM Channels created by global user base since launch of BBM Channels on BlackBerry, including large brands such as Coke Indonesia and USA Today; BBM is the most secure mobile messaging service for use in regulated enterprises

    QNX Embedded Business: QNX to unveil new technology in automotive and cloud services at the 2014 International Consumer Electronics Show in January

    Devices: Company strikes joint device development and manufacturing agreement with Foxconn; initial focus of partnership to be development of a consumer smartphone for Indonesia and other fast-growing markets in early 2014

    Revenue for the third quarter of approximately $1.2 billion, compared to $1.6 billion in the previous quarter; Company recognizes revenue on approximately 1.9 million smartphones in the third quarter, compared to 3.7 million smartphones in the previous quarter

    Company takes primarily non-cash, pre-tax charges of $4.6 billion associated with long-lived assets, inventory and supply commitments, and previously announced restructuring and strategic review process; GAAP loss from continuing operations of $4.4 billion, or $8.37 per share diluted, compared with a GAAP loss from continuing operations of $965 million, or $1.84 per share diluted, in the prior quarter

    Adjusted loss from continuing operations for the third quarter, excluding charges, was $354 million, or $0.67 per share diluted, compared with adjusted loss from continuing operations of $248 million, or $0.47 per share diluted, in the prior quarter

    Cash and investments balance of $3.2 billion; cash used in operations of $77 million

    Q3 Results

    Revenue for the third quarter of fiscal 2014 was approximately $1.2 billion, down $380 million or 24% from approximately $1.6 billion in the previous quarter and down 56% from $2.7 billion in the same quarter of fiscal 2013. The revenue breakdown for the quarter was approximately 40% for hardware, 53% for services and 7% for software and other revenue. During the third quarter, the Company recognized hardware revenue on approximately 1.9 million BlackBerry smartphones compared to approximately 3.7 million BlackBerry smartphones in the previous quarter. Most of the units recognized were BlackBerry 7 devices. During the quarter, approximately 4.3 million BlackBerry smartphones were sold through to end customers, which included shipments made and recognized prior to the third quarter and which reduced the Company's inventory in channel. Of the BlackBerry smartphones sold through to end customers in the third quarter, approximately 3.2 million were BlackBerry 7 devices.

    GAAP loss from continuing operations for the quarter was $4.4 billion, or $8.37 per share diluted. The loss includes a non-cash, pre-tax charge against long-lived assets of approximately $2.7 billion (the "LLA Impairment Charge"), a primarily non-cash, pre-tax charge against inventory and supply commitments of approximately $1.6 billion (the "Q3 14 Inventory Charge"), and pre-tax restructuring, legal and financial advisory charges of approximately $266 million related to the Cost Optimization and Resource Efficiency ("CORE") program and the strategic review process. This compares with a GAAP loss from continuing operations of $965 million, or $1.84 per share diluted in the prior quarter, and GAAP income from continuing operations of $14 million, or $0.03 per share diluted, in the same quarter last year.

    Adjusted loss from continuing operations for the third quarter was $354 million, or $0.67 per share diluted. Adjusted loss from continuing operations and adjusted diluted loss per share exclude the impact of the LLA Impairment Charge of approximately $2.7 billion ($2.5 billion after tax), the Q3 14 Inventory Charge of approximately $1.6 billion ($1.3 billion after tax) and pre-tax restructuring and legal and financial advisory charges of approximately $266 million ($225 million after tax) related to the CORE program and strategic review process incurred in the third quarter of fiscal 2014. These impacts on GAAP loss from continuing operations and diluted loss per share from continuing operations are summarized in the table below.

    The total of cash, cash equivalents, short-term and long-term investments was $3.2 billion as of November 30, 2013, compared to $2.6 billion at the end of the previous quarter. Cash flow used in operations in the third quarter was approximately $77 million. Cash flows provided by financing activities in the third quarter were approximately $991 million, including the proceeds from the issuance of debt. Uses of cash included intangible asset additions of approximately $234 million and capital expenditures of approximately $46 million. Purchase obligations and commitments amounted to approximately $2.1 billion as at November 30, 2013, with purchase orders with contract manufacturers representing approximately $664 million of the total.

    "With the operational and organizational changes we have announced, BlackBerry has established a clear roadmap that will allow it to target a return to improved financial performance in the coming year," said John Chen, Executive Chairman and Chief Executive Officer of BlackBerry. "While our Enterprise Services, Messaging and QNX Embedded businesses are already well-positioned to compete in their markets, the most immediate challenge for the Company is how to transition the Devices operations to a more profitable business model."

    Chen added: "We have accomplished a lot in the past 45 days, but still have significant work ahead of us as we target improved financial performance next year. However, the Company is financially strong, has a broad and trusted product portfolio to work with, a talented employee base and a new leadership team dedicated to implementing our new roadmap."

    BlackBerry Announces Five-Year Strategic Partnership with Foxconn

    The Company announced today that it has entered into a five-year strategic partnership with Foxconn, the world's largest manufacturer of electronic products and components. Under this new relationship, Foxconn will jointly develop and manufacture certain new BlackBerry devices and manage the inventory associated with those devices. The initial focus of the partnership will be a smartphone for Indonesia and other fast-growing markets targeting early 2014.

    "This partnership demonstrates BlackBerry's commitment to the device market for the long-term and our determination to remain the innovation leader in secure end-to-end mobile solutions," said Chen. "Partnering with Foxconn allows BlackBerry to focus on what we do best - iconic design, world-class security, software development and enterprise mobility management - while simultaneously addressing fast-growing markets leveraging Foxconn's scale and efficiency that will allow us to compete more effectively."

    BlackBerry will own all of its intellectual property and perform product assurance on devices through the Foxconn partnership, as it does currently with all third-party manufacturers.

    "BlackBerry is an iconic brand with great technology and a loyal international fan base," said Terry Gou, Founder and Chairman, Foxconn. "We are pleased to be working with BlackBerry as it positions itself for future growth and we look forward to a successful strategic partnership in which Foxconn will jointly develop and manufacture new BlackBerry devices in both Indonesia and Mexico for new and existing markets."

    BlackBerry will focus heavily, via internal development, on market segments where its continuous innovations in secure hardware, software and services remain critical and integral to enterprise and government customers. BlackBerry also intends to drive adoption of its multi-platform BBM, deliver real-time, reliable and secure messaging through its Network Operations Center (NOC), and grow its enterprise mobility and mobile device management business through on-premise and cloud-based solutions for cross-platform devices as well as its own.

    Outlook

    In the fourth quarter, the Company anticipates maintaining its strong cash position and further reducing operating expenses as it continues to implement its previously-announced cost reduction program.

    Reconciliation of GAAP gross margin, gross margin percentage, loss from continuing operations before income taxes, loss from continuing operations and diluted loss per share from continuing operations to adjusted gross margin, adjusted gross margin percentage, adjusted loss from continuing operations before income taxes, adjusted loss from continuing operations and adjusted diluted loss per share from continuing operations:

    (United States dollars, in millions except per share data)

    Gross Margin(1) (before taxes) Gross Margin %(1) (before taxes) Loss from continuing operations before income taxes Loss from Continuing Operations Diluted loss per share from continuing operations
    As reported $ (1,264) (106%) $ (5,025) $ (4,401) $ (8.37)
    Adjustments:
    CORE charges (2) 76 6% 266 225 0.43
    LLA Impairment Charge 2,748 2,475 4.71
    Q314 Inventory Charge (3) 1,592 133% 1,592 1,347 2.56
    Adjusted $ 404 34% $ (419) $ (354) $ (0.67)

    ____________

    Note: Adjusted gross margin, adjusted gross margin percentage, adjusted loss from continuing operations before tax, adjusted loss from continuing operations and adjusted diluted loss per share from continuing operations do not have a standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company's operating results relative to its operating results in prior periods and improves the comparability of the information presented. Investors should consider these non-GAAP measures in the context of the Company's GAAP results.
    (1) During the third quarter of fiscal 2014, the Company reported GAAP gross margin of $(1.3) billion or (106%) of revenue. Excluding the impact of the Q3 14 Inventory Charge and CORE charges included in cost of sales, the adjusted gross margin was $404 million, or 34%.
    (2) As part of the Company's ongoing effort to streamline its operations and increase efficiency, the Company commenced the CORE program in March 2012. Further, the Company announced the formation of a special committee to conduct an organizational strategic review on August 12, 2013. During the third quarter of fiscal 2014, the Company incurred charges related to the CORE program and strategic review process of approximately $266 million pre-tax, or $225 million after tax. Substantially all of the pre-tax charges are related to one-time employee termination benefits, facilities and manufacturing costs related to the CORE program and legal and financial advisory costs related to the strategic review process. During the third quarter of fiscal 2014, charges of approximately $76 million were included in cost of sales, charges of approximately $37 million were included in research and development and charges of approximately $153 million were included in selling, marketing, and administration expenses.
    (3) During the third quarter of fiscal 2014 the Company performed a long-lived asset impairment test and based on the results of that test, the Company recorded a non-cash LLA Impairment Charge of approximately $2.7 billion pre-tax, or $2.5 billion after tax.
    (4) During the third quarter of fiscal 2014, the Company recorded a primarily non-cash, pre-tax charge against inventory and supply commitments of approximately $1.6 billion, or $1.3 billion after tax, which is primarily attributable to BlackBerry 10 devices.

    Supplementary Geographic Revenue Breakdown
    BlackBerry Limited
    (United States dollars, in millions)
    Revenue by Region

    For the quarter ended

    November 30, 2013 August 31, 2013 June 1, 2013 March 2, 2013 December 1, 2012
    North America $ 340 28.5 % $ 414 26.3 % $ 761 24.8 % $ 587 21.9 % $ 647 23.7 %
    Europe, Middle East and Africa 549 46.0 % 686 43.6 % 1,343 43.7 % 1,227 45.8 % 1,160 42.5 %
    Latin America 135 11.3 % 196 12.5 % 449 14.6 % 479 17.9 % 535 19.6 %
    Asia Pacific 169 14.2 % 277 17.6 % 518 16.9 % 385 14.4 % 385 14.1 %
    Total $ 1,193 100.0 % $ 1,573 100.0 % $ 3,071 100.0 % $ 2,678 100.0 % $ 2,727 100.0 %

    Conference Call and Webcast

    A conference call and live webcast will be held beginning at 8 am ET, which can be accessed by dialing 1-800-814-4859 or through your BlackBerry 10 smartphone, personal computer or BlackBerry PlayBook tablet at Investor Events - Canada. A replay of the conference call will also be available at approximately 10 am by dialing (+1)416-640-1917 and entering pass code 4612570# or by clicking the link above on your BlackBerry 10 smartphone, personal computer or BlackBerry PlayBook tablet. This replay will be available until midnight ET January 3, 2014.

    About BlackBerry

    A global leader in wireless innovation, BlackBerry revolutionized the mobile industry when it was introduced in 1999. Today, BlackBerry aims to inspire the success of our millions of customers around the world by continuously pushing the boundaries of mobile experiences. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Asia Pacific and Latin America. BlackBerry is listed on the NASDAQ Stock Market (BBRY) and the Toronto Stock Exchange (BB.TO). For more information, visit Cell Phones, Smartphones & Mobile Phones from BlackBerry.com.

    This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws, including statements regarding: BlackBerry's plans, strategies and objectives, and the anticipated opportunities and challenges in fiscal 2014; BlackBerry's expectations with respect to the sufficiency of its financial resources, including the anticipated receipt of a significant income tax refund in the first half of fiscal 2015; BlackBerry's expectations regarding new product initiatives and their timing, including BlackBerry Enterprise Service 10, BlackBerry 10 smartphones and BlackBerry Messenger cross-platform for Android and iPhone; BlackBerry's plans and expectations regarding its existing and new service offerings, assumptions regarding its service revenue model, and the anticipated levels of decline in service revenue in the fourth quarter of fiscal 2014; anticipated demand for, and BlackBerry's plans and expectations relating to its BlackBerry 7 and 10 smartphones, including programs to drive sell-through of these smartphones; BlackBerry's on-going efforts to streamline its operations and its expectations relating to the benefits of its CORE program and similar strategies; BlackBerry's plans to reduce operating expenditures by approximately 50% by the end of the first quarter of fiscal 2015, including the continued implementation of a workforce reduction of approximately 4,500 positions; BlackBerry' plans and expectations regarding marketing and promotional programs; BlackBerry's estimates of purchase obligations and other contractual commitments; and assumptions and expectations described in BlackBerry's critical accounting estimates and accounting policies.

    The terms and phrases "expects", "believe", "focused", "getting", "opportunities", "we are seeing", "continuing", "drive", "improve", "should", "will", "increasing", "anticipated", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances, including but not limited to BlackBerry's expectations regarding its business, strategy, opportunities and prospects, including its ability to implement meaningful changes to address its business challenges, the launch of products based on the BlackBerry 10 platform, general economic conditions, product pricing levels and competitive intensity, supply constraints, and BlackBerry's expectations regarding the cash flow generation of its business and the sufficiency of its financial resources.

    Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to BlackBerry's ability to implement and realize the benefits of its strategic initiatives, including a return to its core strength of enterprise and security, changes to the Devices Business, including the new partnership with Foxconn, and the transition to an operating unit organizational structure consisting of Enterprise Services, Messaging, QNX Embedded Business and the Devices Business; the risk that uncertainty relating to BlackBerry's recently completed strategic review process, operational restructuring, recent management changes and workforce reductions may adversely impact BlackBerry's business, existing and future relationships with business partners and end customers of its products and services, and its ability to attract and retain key employees; BlackBerry's ability to maintain existing enterprise customer relationship and to transition such customers to the BES10 platform and deploy BlackBerry 10 smartphones, and the risk that current BES10 test installations may not convert to commercial installations; risks related to BlackBerry's ability to implement and to realize the benefits of its operational restructuring initiatives, including its CORE program, and its ability to continue to realize cost reductions in the future, including the on-going efforts to reduce operating expenditures by 50% and to continue to implement a workforce reduction of approximately 4,500 positions by the end of the first quarter of fiscal 2015; BlackBerry's ability to adapt to, and realize the anticipated benefit of, recent management changes; risks related to BlackBerry's ability to offset or mitigate the impact of the decline in its service access fees on its consolidated revenue by developing an integrated services and software offering; BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's increasing reliance on third-party manufacturers for certain products and its ability to manage its production and repair process, and risks related to BlackBerry changing manufacturers or reducing the number of manufacturers or suppliers it uses; BlackBerry's ability to maintain its existing relationships with its carrier partners and distributors;
    BlackBerry's ability to maintain or increase its liquidity, its existing cash balance, to access existing or potential alternative sources of funding and the sufficiency of its financial resources; BlackBerry's ability to manage inventory and asset risk and the potential for additional charges related to its inventory; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; BlackBerry's ability to successfully maintain and enhance its brand; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments in Venezuela and the impact of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward-looking guidance; security risks; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry World; reliance on strategic alliances with third-party network infrastructure developers, software platform vendors and service platform vendors; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's reliance on third-party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.

    These risk factors and others relating to BlackBerry are discussed in greater detail in the "Risk Factors" section of BlackBerry's Annual Information Form, which is included in its Annual Report on Form 40-F and the "Cautionary Note Regarding Forward-Looking Statements" section of BlackBerry's MD&A (copies of which filings may be obtained at Welcome to the SEDAR Web Site / Bienvenue au Site Web SEDAR or U.S. Securities and Exchange Commission | Homepage). These factors should be considered carefully, and readers should not place undue reliance on BlackBerry's forward-looking statements. BlackBerry has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    The BlackBerry family of related marks, images and symbols are the exclusive properties and trademarks of BlackBerry Limited. RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. All other brands, product names, Company names, trademarks and service marks are the properties of their respective owners.

    BlackBerry Limited
    Incorporated under the Laws of Ontario
    (United States dollars, in millions except share and per share amounts) (unaudited)

    Consolidated Statements of Operations

    For the three
    months ended For the nine
    months ended
    November 30,
    2013 August 31,
    2013 December 1,
    2012 November 30,
    2013 December 1,
    2012

    Revenue $ 1,193 $ 1,573 $ 2,727 $ 5,837 $ 8,396
    Cost of sales 2,457 1,947 1,897 6,433 6,036
    Gross margin (1,264 ) (374 ) 830 (596 ) 2,360

    Gross margin % (106.0 %) (23.8 %) 30.4 % (10.2 %) 28.1 %

    Operating expenses
    Research and development 322 360 393 1,040 1,126
    Selling, marketing and administration 543 527 487 1,743 1,589
    Amortization 148 171 180 499 533
    Impairment of long-lived assets 2,748 - - 2,748 -
    Impairment of goodwill - - - - 335
    3,761 1,058 1,060 6,030 3,583

    Operating loss (5,025 ) (1,432 ) (230 ) (6,626 ) (1,223 )

    Investment income (loss), net - (6 ) 18 (1 ) 21

    Loss from continuing operations before income taxes (5,025 ) (1,438 ) (212 ) (6,627 ) (1,202 )

    Recovery of income taxes (624 ) (473 ) (226 ) (1,177 ) (480 )

    Income (loss) from continuing operations (4,401 ) (965 ) 14 (5,450 ) (722 )

    Loss from discontinued operations, net of tax - - (5 ) - (22 )

    Net income (loss) $ (4,401 ) $ (965 ) $ 9 $ (5,450 ) $ (744 )

    Earnings (loss) per share

    Basic and diluted earnings (loss) per share from continuing operations (8.37 ) (1.84 ) 0.03 (10.39 ) (1.38 )

    Basic and diluted loss per share from discontinued operations - - (0.01 ) - (0.04 )

    Total basic and diluted earnings (loss) per share $ (8.37 ) $ (1.84 ) $ 0.02 $ (10.39 ) $ (1.42 )

    Weighted-average number of common shares outstanding (000's)
    Basic 525,656 524,481 524,160 524,766 524,160
    Diluted 525,656 524,481 524,852 524,766 524,160
    Total common shares outstanding (000's) 526,184 524,639 524,160 526,184 524,160

    BlackBerry Limited
    Incorporated under the Laws of Ontario
    (United States dollars, in millions except per share data) (unaudited)

    Consolidated Balance Sheets


    As at November 30,
    2013 March 2,
    2013

    Assets
    Current
    Cash and cash equivalents $ 2,274 $ 1,549
    Short-term investments 788 1,105
    Accounts receivable, net 1,242 2,353
    Other receivables 151 272
    Inventories 254 603
    Income taxes receivable 299 597
    Other current assets 623 469
    Deferred income tax asset 31 139
    Assets held for sale 192 280
    5,854 7,367

    Long-term investments 130 221
    Property, plant and equipment, net 1,070 2,147
    Intangible assets, net 1,342 3,430
    $ 8,396 $ 13,165

    Liabilities
    Current
    Accounts payable $ 750 $ 1,064
    Accrued liabilities 1,888 1,842
    Deferred revenue 699 542
    3,337 3,448

    Long-term debt 994 -
    Deferred income tax liability 25 245
    Income taxes payable 9 12
    4,365 3,705

    Shareholders' Equity
    Capital stock and additional paid-in capital 2,403 2,431
    Treasury stock (183 ) (234 )
    Retained earnings 1,817 7,267
    Accumulated other comprehensive income loss (6 ) (4 )
    4,031 9,460
    $ 8,396 $ 13,165

    BlackBerry Limited
    Incorporated under the Laws of Ontario
    (United States dollars, in millions except per share data) (unaudited)

    Consolidated Statements of Cash Flows

    For the nine months ended
    November 30, 2013 December 1, 2012

    Cash flows from operating activities
    Loss from continuing operations $ (5,450 ) $ (722 )
    Loss from discontinued operations - (22 )
    Net loss (5,450 ) (744 )

    Adjustments to reconcile net loss to net cash provided by operating activities:
    Amortization 1,067 1,524
    Deferred income taxes (114 ) (15 )
    Income taxes payable (3 ) 2
    Stock-based compensation 50 63
    Impairment of long-lived assets 2,748 -
    Impairment of goodwill - 335
    Other 97 25
    Net changes in working capital items 2,010 903
    Net cash provided by operating activities 405 2,093

    Cash flows from investing activities
    Acquisition of long-term investments (228 ) (200 )
    Proceeds on sale or maturity of long-term investments 283 180
    Acquisition of property, plant and equipment (241 ) (325 )
    Acquisition of intangible assets (837 ) (770 )
    Business acquisitions, net of cash acquired (7 ) (105 )
    Acquisition of short-term investments (1,149 ) (837 )
    Proceeds on sale or maturity of short-term investments 1,537 392
    Net cash used in investing activities (642 ) (1,665 )

    Cash flows from financing activities
    Issuance of common shares 1 -
    Tax deficiencies related to stock-based compensation (12 ) (10 )
    Purchase of treasury stock (16 ) (25 )
    Issuance of debt 1,000 -
    Net cash provided by (used in) financing activities 973 (35 )
    Effect of foreign exchange gain (loss) on cash and cash equivalents (11 ) 1

    Net increase in cash and cash equivalents for the period 725 394
    Cash and cash equivalents, beginning of period 1,549 1,516
    Cash and cash equivalents, end of period $ 2,274 $ 1,910

    As at November 30, 2013 August 31, 2013

    Cash and cash equivalents $ 2,274 $ 1,181
    Short-term investments 788 1,163
    Long-term investments 130 225
    $ 3,192 $ 2,569
    Contact:
    Investor
    BlackBerry Investor Relations
    +1-519-888-7465
    investor_relations@blackberry.com
    12-20-13 07:03 AM
  3. notfanboy's Avatar
    Yikes, BB7 outselling BB10 devices by 3 to 1.
    12-20-13 07:20 AM
  4. belfastdispatcher's Avatar
    Yikes, BB7 outselling BB10 devices by 3 to 1.
    I wish BlackBerry would wake up and smell the coffee, how much more money are they gonna waste on BB10, the platform nobody wants?

    Their old product is outselling it 3 to 1 and they still bang on about BB10? It's embarrassing really.

    Posted via CB10
    techvisor, JeepBB, Saiga and 2 others like this.
    12-20-13 07:27 AM
  5. propeller10's Avatar
    I wish BlackBerry would wake up and smell the coffee, how much more money are they gonna waste on BB10, the platform nobody wants?

    Their old product is outselling it 3 to 1 and they still bang on about BB10? It's embarrassing really.

    Posted via CB10
    Still BB10 is far superior to BB7 despite the disappointing sales.
    12-20-13 07:30 AM
  6. m1kr0's Avatar
    Legacy OS could not save their bacon before, how will it do so now?

    Z10 goodness
    12-20-13 07:32 AM
  7. kbz1960's Avatar
    Yikes, BB7 outselling BB10 devices by 3 to 1.
    That can't be good
    techvisor likes this.
    12-20-13 07:32 AM
  8. Cozz4ever's Avatar
    BBOS always out sold BB10.

    There are many factors in play here as to why. Though, I would like to see a sales chart of both BBOS and BB10 in the last 3 quarters.

    The good news is Blackberry still gets monthly from BBOS phones.
    12-20-13 07:32 AM
  9. dansonsew's Avatar
    I wish BlackBerry would wake up and smell the coffee, how much more money are they gonna waste on BB10, the platform nobody wants?

    Their old product is outselling it 3 to 1 and they still bang on about BB10? It's embarrassing really.

    Posted via CB10
    yet a few years ago when they were the number 1 smarthone and got comfortable just putting out rehashes of the same phone over and over, the competition all just passed them by.

    they need to innovate and keep moving forward and BB10 is the start of doing just that
    kbz1960 and techvisor like this.
    12-20-13 07:33 AM
  10. Riaan Smit's Avatar
    I wish BlackBerry would wake up and smell the coffee, how much more money are they gonna waste on BB10, the platform nobody wants?

    Their old product is outselling it 3 to 1 and they still bang on about BB10? It's embarrassing really.

    Posted via CB10
    Alot of people wil buy bb10 devices if they were as cheap as bbos , nobody can afford bb10 devices!
    12-20-13 07:34 AM
  11. kbz1960's Avatar
    I wish BlackBerry would wake up and smell the coffee, how much more money are they gonna waste on BB10, the platform nobody wants?

    Their old product is outselling it 3 to 1 and they still bang on about BB10? It's embarrassing really.

    Posted via CB10
    Well there are only a small percentage that want the old. And they are all in emerging markets.
    12-20-13 07:34 AM
  12. belfastdispatcher's Avatar
    Well there are only a small percentage that want the old. And they are all in emerging markets.
    Doesn't matter where, why, how, it's what people are willing to spend their cash on from BlackBerry.

    Posted via CB10
    12-20-13 07:37 AM
  13. belfastdispatcher's Avatar
    Alot of people wil buy bb10 devices if they were as cheap as bbos , nobody can afford bb10 devices!
    The Z10 is as cheap as BBOS, has been for a while in UK, still ain't selling.

    Posted via CB10
    12-20-13 07:38 AM
  14. kbz1960's Avatar
    Doesn't matter where, why, how, it's what people are willing to spend their cash on from BlackBerry.

    Posted via CB10
    So where do you think they would be right if they stayed the legacy course? It wasn't working so well for them before the change.
    12-20-13 07:40 AM
  15. texazzpete's Avatar
    Still BB10 is far superior to BB7 despite the disappointing sales.
    Sadly, not everyone thinks so. Their fanbase is so used to OS7 that they aren't willing to give BB10 a chance.

    I persuaded A colleague of mine to get a Q10 a month ago. He hates it with a passion because it's utterly different from the 9900 he used for nearly 2 years.

    Seems BBM isn't the runaway success many predicted. Only 40 million downloads from iOS/Android...and they take great pains not to mention the ACTIVE users. It's doing well, but it's still got a very long way to go to rival the likes of Whatsapp (400 million ACTIVE users)

    Stupid of Blackberry not to have targeted the low end market earlier. The Q5 is overpriced for what it does. The Moto G is selling like wildfire now because Google is crewed by actually smart people.
    techvisor, JeepBB, Bsbudd and 3 others like this.
    12-20-13 07:49 AM
  16. belfastdispatcher's Avatar
    So where do you think they would be right if they stayed the legacy course? It wasn't working so well for them before the change.
    They could've emulated the BBOS experience on the BB10 platform and keep the trackpad and the rest of the buttons.

    Give people what they wanted, a bbos experience on steroids.

    Posted via CB10
    12-20-13 07:50 AM
  17. xandermac's Avatar
    1 million bb10 devices! That's a days worth for Android. OUCH!...

    Blackberry sells just 1.1 million BB10 devices in Q3 as revenues crash | The Verge
    12-20-13 07:53 AM
  18. slickvguy's Avatar
    I'd be surprised but not shocked if the cash burn was $800MM. My estimate is $400 to $500 million. See my post on the other cash burn thread for my other thoughts on this matter.
    1) As expected. $400MM cash burn. The low end of my estimate.

    Which puts it at exactly *HALF* the cash burn that BGR, Bernstein et al predicted. Completely wrong - as usual.

    Bottom line: They have more than enough cash to implement a comeback strategy.

    2) They threw out everything AND the kitchen sink in these financials in order to give Chen a clean financial slate to inherit AND for tax refunds. The headline number looks insane - but it's almost all non-cash.

    3) The service revenues are the key to watch going forward. Absolutely horrible - but expected.

    4) Sales of BB10 handsets are terrible - but we already knew that.

    5) The Foxconn partnership is interesting. Can't hurt.
    12-20-13 07:57 AM
  19. Cozz4ever's Avatar
    Sadly, not everyone thinks so. Their fanbase is so used to OS7 that they aren't willing to give BB10 a chance.

    I persuaded A colleague of mine to get a Q10 a month ago. He hates it with a passion because it's utterly different from the 9900 he used for nearly 2 years.

    Seems BBM isn't the runaway success many predicted. Only 40 million downloads from iOS/Android...and they take great pains not to mention the ACTIVE users. It's doing well, but it's still got a very long way to go to rival the likes of Whatsapp (400 million ACTIVE users)

    Stupid of Blackberry not to have targeted the low end market earlier. The Q5 is overpriced for what it does. The Moto G is selling like wildfire now because Google is crewed by actually smart people.
    The MotoG is cheap because Google uses your info for money. They will recover some of it in long term. Other brands can't do that. This is why I think it was dumb to get rid of BIS. THey should offer low end BB10 phones with BIS
    12-20-13 07:57 AM
  20. jscan44's Avatar
    Listening to the conference call now, waiting to hear John Speak .....
    12-20-13 08:02 AM
  21. kbz1960's Avatar
    All I know is that I like my torch but when I upgrade there is no way it will be a legacy device. It will be bb10 or something else.
    12-20-13 08:04 AM
  22. Sith_Apprentice's Avatar
    Sadly, not everyone thinks so. Their fanbase is so used to OS7 that they aren't willing to give BB10 a chance.

    I persuaded A colleague of mine to get a Q10 a month ago. He hates it with a passion because it's utterly different from the 9900 he used for nearly 2 years.

    Seems BBM isn't the runaway success many predicted. Only 40 million downloads from iOS/Android...and they take great pains not to mention the ACTIVE users. It's doing well, but it's still got a very long way to go to rival the likes of Whatsapp (400 million ACTIVE users)

    Stupid of Blackberry not to have targeted the low end market earlier. The Q5 is overpriced for what it does. The Moto G is selling like wildfire now because Google is crewed by actually smart people.
    The line actually reads: "Over 40 million newly registered iOS/Android users in the last 60 days"

    That is an incredible number in 2 months. 667,000 people a DAY registering on BBM. That is absolutely a runaway success. Remember, this product is going into an environment with MANY other large competitors and doing extremely well.
    BlackistheBerry likes this.
    12-20-13 08:04 AM
  23. jhumel23's Avatar
    Why outselling? Because they have the worst marketing for BB10 right now. Some people didnt know there's new BB10 platform. I hope Sir Chen is the key to this problem.
    12-20-13 08:06 AM
  24. m1a1mg's Avatar
    The line actually reads: "Over 40 million newly registered iOS/Android users in the last 60 days"

    That is an incredible number in 2 months. 667,000 people a DAY registering on BBM. That is absolutely a runaway success. Remember, this product is going into an environment with MANY other large competitors and doing extremely well.
    The metric going forward of active users, monthly or shorter, will define the success.
    techvisor and kevinnugent like this.
    12-20-13 08:06 AM
  25. Sith_Apprentice's Avatar
    They could've emulated the BBOS experience on the BB10 platform and keep the trackpad and the rest of the buttons.

    Give people what they wanted, a bbos experience on steroids.

    Posted via CB10
    Clearly it isnt what the people want, BBOS is selling in absolutely terrible numbers as well. They can develop and release a very low cost (or just sell the Z10s/Q10s they have on hand for ridiculously low prices, like $99 off contract, just to get people on the platform) handset specifically for emerging markets. They priced all of their devices way too high, even the entry level Q5 costs way too much. BBOS devices are very very cheap and sell in certain areas because of this.
    kbz1960, eddy_berry and m1a1mg like this.
    12-20-13 08:06 AM
94 123 ...

Similar Threads

  1. The Dark Knight Rises - Day 20 of BlackBerry's 25 Days of Gifts
    By CrackBerry News in forum CrackBerry.com News Discussion
    Replies: 1
    Last Post: 12-23-13, 10:03 PM
  2. BlackBerry Launches Enterprise Solutions Centres in India
    By CrackBerry News in forum CrackBerry.com News Discussion
    Replies: 0
    Last Post: 12-20-13, 06:10 AM
LINK TO POST COPIED TO CLIPBOARD