BlackBerry Announces Q1 2014: $84 Million Loss, 6.8 Million Smartphone Shipments, 13% Revenue Growth

Posted on Jun 28 2013 - 5:44pm by Editorial Staff

BlackBerry

Research In Motion (or better now name as BlackBerry) today reported its first quarter results for the three months ended June 1, 2013 with posting a loss of $84 million, despite of 13% revenue growth and shipping around 6.8 million smartphones. The company reported the revenue of $3.1 billion, up 15% from the last quarter while its North America revenue grows 30%, APAC 35%, EMEA 9%, LATAM decline 6%. The GAAP loss for the quarter reported was $84 million, or $0.16 per share.

“During the first quarter, we continued to focus our efforts on the global roll out of the BlackBerry 10 platform,” said Thorsten Heins, President and CEO of BlackBerry. “We are still in the early stages of this launch, but already, the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions. “

“Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next generation mobile computing solutions for both consumer and enterprise customers.”

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