Blackberry Result 23/06/2015

Blackberry recorded a net loss in the first quarter of $28 million on turnover of $658 million, which compares with a net profit a year earlier of $23 million on turnover of $966 million. The loss was partly attributed to a fall in smartphone device sales to 1.1 million units, compared with 1.6 million units sold in the first quarter of last year. Smartphone revenue dropped to $263 million from $379 million in Q1 of the previous year. Despite the poor Q1 result, Blackberry’s CEO John Chen said that the company remained committed to the smartphone device business as he believed it could make money from the sector. The company said it will release three further new devices this year, having already launched the Leap earlier this year.