anuseems Posted December 21, 2013 Share Posted December 21, 2013 (edited) Blackberry reports another massive loss, shifts focus to budget devices in emerging markets Theres no stopping Blackberrys downfall it seems. The struggling Canadian firm reported a massive $4.4 billion loss and a 56% drop in revenue to $1.19 billion for its third quarter of fiscal year 2014, after factoring in a massive inventory write-down and other one-time charges. In all, the company sold 1.9 million smartphones, down from 3.7 million during the second fiscal quarter, and most of them were older Blackberry 7 devices.This year's launch of Blackberry 10 was supposed to breathe new life into the brand and lure customers away from rivals -- or at the very least keep existing ones from fleeing. But the hardware lineup failed to impress and Blackberrys limited app catalog made the platform a tough sell.Excluding the inventory writedowns and impairment charges, the loss was still $354 million, or 67 cents a share.The company isnt ready to call it quits, however. After a failed buyout bid led by FairFax Financial in November, a management shakeup saw Thorsten Heins leave his post as chief executive, replaced by John Chen as interim CEO and chairman of the board until a permanent replacement can be found. Furthermore the focus is no longer on a full or partial sale but rather making Blackberry a strong player in the mobile market once again.Chen, who is credited with returning Sybase to profitability in the 2000s, admits that turning Blackberry around would be his most complicated challenge to date but said the company has $3.3 billion in cash to engineer their comeback. He believes Blackberry "has a really good shot" of turning a profit in 2016Going forward the company is putting more emphasis on Blackberry's software business than its hardware business. They also also announced a five-year partnership with Foxconn to develop and manufacture a handset for Indonesia and other emerging markets. The idea is to leverage Foxconn's scale and efficiency to have a break-even or low margin device business that can then be monetized through software.@ http://www.techspot.com/news/55083-blackberry-reports-another-massive-loss-shifts-focus-to-budget-devices-in-emerging-markets.html Edited December 21, 2013 by anuseems Link to comment Share on other sites More sharing options...
Polgaso Posted December 21, 2013 Share Posted December 21, 2013 good apps for BB aren't free compaired to android with lots of choices :wtf: Link to comment Share on other sites More sharing options...
kn_andre Posted December 21, 2013 Share Posted December 21, 2013 Did not Come as a Surprise .. Am sorry for them Though ... But that is what Inevitably happens when Companies Fail to realize that the Customers are the Kings and Customers Deserve to use a Product they Bought with Their Money " As They Wish " !!! Thanks for sharing ... Cheers... Link to comment Share on other sites More sharing options...
wkt37211 Posted December 22, 2013 Share Posted December 22, 2013 I found the BB OS to be less then intuitive and don't really care for having to sign up for their email. App availability poor and $$$$. However, I found their Radio better than any other brand of phone out there. Cell phones are of course radios and the BB Torch I used would have a usable signal when other brands could not make a call. I have not looked into phone specs before and don't know if they even list sensitivity or selectivity which are the important specs of a a good quality receiver. Link to comment Share on other sites More sharing options...
janedoe Posted December 22, 2013 Share Posted December 22, 2013 Mods, shouldn't this have been merged with the earlier thread?http://www.nsaneforums.com/topic/199347-blackberry-posts-record-44bn-quarterly-net-loss/?do=findComment&comment=707020 Link to comment Share on other sites More sharing options...
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