BlackBerry posted its fiscal first quarter 2015 earnings on Thursday and showed that, perhaps some of its efforts are starting to pay off on its road to recovery. The company noted $23 million in net income, a large improvement over the $84 million it lost in the same quarter last year. Revenue was down 1 percent to $966 million for the quarter, though that still beat Wall Street expectations.
BlackBerry said it recognized revenue on 1.6 million BlackBerry devices, up from 1.3 million units sold in the last quarter. In total, it sold more than 2.6 million devices including shipments that were "recognized prior to the first quarter," however. "We are getting very close to making money or at least break even on hardware," CEO John Chen said on a conference call, according to AP. "Not quite there yet, but close."
BlackBerry's services business still makes up a majority of its revenue, about 54 percent, while hardware accounts for 39 percent of all revenue and software/other makes up the final 7 percent. Europe, the Middle East and Africa are still the company's largest markets, with 42.9 percent share of all revenue, where it's still growing despite increased competition from low-cost Android handsets. Likewise, BlackBerry saw increased revenue share in the Asia Pacific region (15.6 percent of all revenues). North America sales made up 28.6 percent of revenues, down from 30.4 percent, while Latin America donated 12.9 percent to all of BlackBerry's revenues.
Shares of BlackBerry were trading up nearly 12 percent at the time of publication.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Get your doodle on with a high-tech drawing tablet
Aching to incorporate freehand lines into your digital creations? Sounds like you need a drawing tablet! We've put together the best models for your perusing pleasure.