BlackBerry Q2 financials show signs of turnaround

Company sees strong performance in software, services, hardware

Tags: Blackberry (www.blackberry.com)Canada
  • E-Mail
BlackBerry Q2 financials show signs of turnaround BlackBerry claims to have received 200,000 orders for the square-screened Passport, which reportedly sold out on Amazon.com within six hours. (Getty Images)
By  Stephen McBride Published  September 28, 2014

Canadian smartphone maker BlackBerry showed signs of a long-awaited turnaround on Friday as the company reported shrinking losses for the second quarter.

BlackBerry shares were up 4% on the news that its software and services businesses were thriving, and that its struggling smartphone unit was showing signs of recovery.

"This is the first time in a long time that we have actually made money on hardware," CEO John Chen told media. "We think we can continue on that track, so hardware is no longer going to be a drag to the margin and the earnings."

The company launched its Passport handset in Dubai last week and despite its unorthodox shape the device met with a number of positive receptions from industry analysts and media. Chen said on Friday that BlackBerry had received 200,000 orders for the square-screened model, which reportedly sold out on Amazon.com within six hours.

BlackBerry also saw strong adoption rates for its device management platform in the third quarter.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code