Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 01 July 2013 13:04

Blackberry hits wall

Written by Nick Farrell



Squashed

Blackberry’s turn around appears to have hit a brick wall and sent its shares into a tailspin. The Waterloo, Ontario-based company said it shipped 6.8 million smartphones in the last quarter, down from 7.8 million during the same period a year ago.

It also posted a loss of 13 cents a share for the quarter when analysts had anticipated profit of 8 cents a share. As a result the shares fell 29 percent which is its biggest loss an over a decade. Shareholders fear that there has been no boost from its new BlackBerry 10 devices, including the Z10 which appeared in February and its Q10, which was released in May.

The company only shipped 2.7 million of its new BlackBerry 10 devices, much lower than analysts had predicted. Analysts have called the reports "dismal" and "disappointing," especially when looking at the outlook for the next quarter. All up thinks are starting to look grim for Blackberry.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments