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BlackBerry surprise: BlackBerry makes a profit, ships 1 million Z10 smartphones, still loses customers

News by Andrew Kameka on Thursday March 28, 2013.

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BlackBerry had some surprising news to share in today's financial release for the fourth quarter of its fiscal 2013. The Canadian manufacturer and service provider made a small profit when analysts expected losses, but it wasn't all good news for BlackBerry.

BlackBerry reported a US $98 million profit on revenues of $2.7 billion, a turnaround from the $125 million net loss during the same period last year. The company was happy to share that it shipped over 1 million BlackBerry Z10 units, but that estimate does not include carrier orders from the important U.S. market, which did not begin selling the Z10 until after the March 2 cutoff date for the fourth quarter. Shipments and sales reports for the U.S. market will be a vital measure of BlackBerry's health and ability to compete for market share lost to Google's Android and Apple's iOS.

Despite the gains in BlackBerry 10 devices, BlackBerry's customer totals actually dropped. BlackBerry has 76 million customers, down from 79 million during the same period last year. The company still managed to sell more than six million devices, but the vast majority consisted of older BBOS smartphones and 370,000 PlayBook tablets.

CEO Horsten Theins said the company is in the middle of it BB10 roll-out and its data points have shown strong signs in Canada, India, and other markets. The company believes better indicators about the popularity of BB10, and BlackBerry in general, will be apparent in the next quarter that includes more shipments from the U.S. and the launch of the BlackBerry Q10.

source: BlackBerry

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Andrew Kameka
Andrew is based in Miami, Florida.

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