Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,196,950 members, 7,963,029 topics. Date: Tuesday, 01 October 2024 at 12:30 AM

Blackberry On The Road To Recovery With Raising Revenue - Phones - Nairaland

Nairaland Forum / Science/Technology / Phones / Blackberry On The Road To Recovery With Raising Revenue (480 Views)

HTC Smartphone President Resigns As Company Records Worst Revenue In 11 Years / Telecoms To Block Skype, Whatsapp Calls, To Boost Revenue / How To Change Camon C8 Language From Chinese To English When Booting To Recovery (2) (3) (4)

(1) (Reply)

Blackberry On The Road To Recovery With Raising Revenue by safo99(m): 11:45pm On Dec 19, 2015
BlackBerry's saga in the mobile realm has been a long and arduous one, but unlike many other industry titans of old, the Canadian giant has managed to hold on to its business, adapting as best it can. After a prolonged period of steady decline it now appears that the company's damage control and course correction are finally starting to work with a new rising hope of returning to profitability. The good news became evident after Q3 financial results were published, showing a 13 percent rise is stocks and shrinking overall losses. This has been achieved through strategic marketing and investment in both software and hardware sales, part of which can definitely be attributed to the OEM's well- received bold step into the Android realm with the BlackBerry Priv handset. But even before the Priv hit shelves, BlackBerry had already put into action a new and improved licensing strategy for its rich software suite to combat steeply declining revenue form legacy system access fees and this time around, the measures seem to be showing results. Morningstar analyst Brian Colello commented on the matter saying: Financial figures also back this statement. Apart from the aforementioned raise in stocks, the Ontario- based company also shrunk losses to 3 cents a share for a total on $15 million, besting analyst predictions of as much as $14 cents per share. Software revenue more than doubled in the quarter and so did device revenue form $201 million to $214 million, mostly thanks to the Priv. The air of optimism is definitely present, so much so, that chief executive John Chen has predicted a return to sustainable profitability in fiscal 2017. He even stated that the company could potentially break even from prior losses in this quarter, but this was postponed in favor of strategic software and hardware investments. As for the Priv, the bold experiment definitely proved successful, accounting for a lot of the aforementioned device revenue growth. Sales figures actually show that BlackBerry sold less devices during the quarter – 700,000, as opposed to the prior 800,000, but average selling price has jumped from $240 to $315, making for the overall increase in income. When asked about the future of BlackBerry's device business, Chen confirmed that a move to Android is indeed a possibility and does save a lot of production costs. However, abandoning hardware entirely is still a possibility, if it turns out to be the better course of action, despite the OEM's best desire to stay in the device business.
Re: Blackberry On The Road To Recovery With Raising Revenue by samsard(m): 8:14am On Dec 20, 2015
Its just sad that OS10 is gradually dieing out coz of poor adoption and ofcourse, BlacKBerry is partly to blame for that. At this time and age, there is no 5'' FHD Blackberry10 device, when the competition QHD devices available with fingerprint sensor.

(1) (Reply)

New Gionee M5 Plus With 6 Inch Full HD Display, 5020 Mah Battery Launched (pics) / Deleted / How To Pin An App To Screen On Android

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.