The company saw a total loss of $4.4 billion last quarter compared with a loss of $965 million in the prior year's quarter. December 20, 2013 4:31 AM PST BlackBerry sold just 1.9 million smartphones last quarter, down from 3.7 million a year ago. (Credit: Josh Miller/CNET) The news keeps getting worse for BlackBerry. The struggling mobile phone maker announced on Friday a third-quarter loss of $4.4 billion, a drop from the loss of $965 million suffered in same quarter last year. Revenue also tumbled, nestling in at $1.2 billion from $1.6 billion a year ago. BlackBerry managed to sell only 1.9 million smartphones last quarter, a significant downturn from the 3.7 million sold in the year-ago quarter. But the company continues to forge ahead by striking new deals. It also announced a new agreement with Foxconn to develop and manufacture consumer smartphones for Indonesia and other emerging markets in early 2014. "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," BlackBerry Chairman and CEO John Chen said in a statement. "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."
The company saw a total loss of $4.4 billion last quarter compared with a loss of $965 million in the prior year's quarter.
BlackBerry sold just 1.9 million smartphones last quarter, down from 3.7 million a year ago.
(Credit: Josh Miller/CNET)
The news keeps getting worse for BlackBerry.
The struggling mobile phone maker announced on Friday a third-quarter loss of $4.4 billion, a drop from the loss of $965 million suffered in same quarter last year. Revenue also tumbled, nestling in at $1.2 billion from $1.6 billion a year ago.
BlackBerry managed to sell only 1.9 million smartphones last quarter, a significant downturn from the 3.7 million sold in the year-ago quarter. But the company continues to forge ahead by striking new deals. It also announced a new agreement with Foxconn to develop and manufacture consumer smartphones for Indonesia and other emerging markets in early 2014.
"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," BlackBerry Chairman and CEO John Chen said in a statement. "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."
