Andre Yoskowitz
28 Jun 2013 21:50
BlackBerry shares were decimated today after the company reported their fiscal Q1 2014 earnings for the quarter ended May 2013.
The important earnings report, since it included sales of the first BlackBerry 10 device, the Z10, failed to enthuse investors.
BlackBerry shipped 6.8 million smartphones in the quarter, of which only 2.7 million were BB10 devices including the aforementioned Z10 and the QWERTY-packing Q10 that was released in Canada and the UK but did not reach the U.S. in time for this earnings report.
By comparison, Apple shipped over 37 million iPhones in the last quarter, and Samsung shipped over 40 million.
The company reported a loss of $84 million on revenue of $3.1 billion, and cited Venezuelan foreign exchange regulations as the sole reason for the loss.