Following its Q2 FY2014 preliminary report a week ago, today’s dire financial results for BlackBerry are not a surprise. As expected, BlackBerry reported revenues of US$1.6 billion, down 49% from the US$3.1 billion reported the prior quarter, and an operating loss of US$965 million. BlackBerry sold 3.7 million smartphones over the quarter. Once again, the majority were older BlackBerry 7 […]
Financial results
BlackBerry cancels Q2 2014 earnings conference call and webcast
BlackBerry today announced that it will release its second quarter financial results slightly earlier than originally scheduled. It is moving the release time up by one hour to 0700 from 0800 on Friday, September 27, 2013. It also announced that it will not hold its earnings conference call and webcast as originally planned. It cites the signing of the letter […]
BlackBerry confirms additional 4,500 job cuts
BlackBerry today issued a preliminary report on its Q2 FY2014 results and a general business update. The news was bleak and reinforces the precarious position that the company is now in. It expects to report a GAAP net operating loss of approximately US$950 million to US$995 million with revenues coming in at about US$1.6 billion. BlackBerry device sales continue to […]
HTC announces Q2 FY13 results and warns about Q3
HTC today announced financial results for its second quarter. It recorded revenues of NT$70.7 billion (about US$2.36 billion) and net profits of NT$1.25 billion (about $40 million). While profits rose over the previous quarter, they are also down 83% over the same quarter a year ago. “My leadership team continues to focus on execution,” said Peter Chou, CEO of HTC. […]
Record revenues and profits for Samsung Electronics in Q2 2013
Samsung today announced its financial results for Q2 FY2013. The company posted record revenues of ₩57.46 trillion (about US$51 billion) and net profits of ₩7.77 trillion (about US$7 billion). Digging further into the results suggests that Samsung’s explosive smartphone growth is slowing. The Mobile division saw sales rise 9% to ₩34.58 trillion (about US$31 billion) from the prior quarter but […]
LG ships 12.1 million smartphones in latest quarter
Following Apple’s results yesterday, LG Electronics today announced its Q2 FY2013 financial results. Revenues hit KRW 15.23 trillion (US$13.58 billion), a 10.1 percent year-over-year increase, with net profits reaching KRW 156 billion (US$139.04 million), a slight year-over-year drop. Its smartphone division, once a money-losing venture, recorded revenues of KRW 3.12 trillion (US$2.78 billion) and profits of KRW 61 billion (US$54.37 […]
Profits dip as Apple reports Q3 financial results
Apple today announced its Q3 FY2013 financial results. Revenues hit US$35.3 billion with net profits of US$6.9 billion. In the same quarter a year ago, Apple had announced revenues of US$35 billion and profits of US$8.8 billion. Its gross margin was 36.9 percent, down from 42.8 percent the same quarter a year ago, likely as a result of strong sales […]
Nokia ships record 7.4 million Lumia smartphones in Q2
Nokia today announced financial results for its second quarter and sales of its Lumia smartphones showed continued growth. It announced quarterly shipments of 7.4 million Lumias, a new record for the company and a significant increase over the 5.6 million shipped the prior quarter and the 4 million shipped the same quarter a year ago. The company’s Q2 revenues hit […]