BlackBerry Finally Posts a Profit – Sort Of

Posted by Rob Lewis

BlackBerry this morning reported its quarterly earnings and the numbers were encouraging.

Posting a small profit of $23 million—or a minor loss of $60 million, depending on who's accounting—the Canadian company's shares jumped 11% as investors were impressed with the figures. The Waterloo-based smartphone maker boosted smartphone sales subsantially while also increasing its cash pile.

BlackBerry last quarter sold 2.6 million phones, far more than the anemic one million it sold in the quarter prior. And its cash pile is once again above $3 billion after dipping below that threshold last year.

Looks like BlackBerry is well on its way to become truly profitable (sans the aid of adjustments via General Accepted Accounting Principles) as CEO John Chen confidently predicted in April.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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