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BlackBerry Delivers on Three Fronts with Earnings Report

bemyfriend

BlackBerry surprised Wall Street today with some much better numbers than they were expecting. First of all they grew their cash position to $3.1 Billion from $2.7 Billion last quarter. On top of that the loss per share was $0.11 per share instead of the $0.27 they were expecting. Last but not least they managed to hit margins that were much higher than they were expecting. All three of these signs point to BlackBerry hitting John Chen’s mark of being cash flow positive by the end of the year.

I think @insidernewsb4 summed it up best in his tweet:

4 total comments on this postSubmit your comment!
  1. There is a lot of accounting wizardry to gloss things over, but imho the good news comes from margins and the fact that they’re still shipping devices into the hands of customers.

    • Correction, more devices that last quarter.
      I wonder what that stunt about adding the amazon deal would benefit…
      And, why didn’t they jump to google play instead…

  2. Simple. Amazon was the better candidate for now. I don’t think Google is currently interested in dealing with BlackBerry at this time.

    The Key to the Amazon App Store is quite simple. The upcoming Monster Device named the Z50 is set to attract current Android users. And now BBRY has the apps to back it up.

    • No, Google Play store requires Android devices to be compliant with Google Framework services (i.e. Google Locations services etc) and the BB simulator does not contain Google Framework services or else it 100% of Google Apps would work within BB. So that left the Amazon store or T1 mobile, and they chose the bigger brand to partner up with

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