BlackBerry released its third quarter 2014 earnings on Friday, just days after it launched its brand new BlackBerry Classic smartphone, a new device it hopes will cater to folks still hanging on to the older-style BlackBerry devices.
In the earnings report, BlackBerry said it sold about 1.9 million smartphones during the third quarter of this year. That included "shipments made and recognized prior to the third quarter and which reduced the Company's inventory in channel," however.
BlackBerry reported total revenue of $793 million — below Wall Street's expectations — and a $16 million non-GAAP profit. Hardware sales contributed to 46 percent of its revenues. Meanwhile, BlackBerry's services contributed to 46 percent of the revenue, too, while software and other revenue combined built up the remaining 8 percent. BlackBerry now has $3.1 billion in cash and cash equivalents in the bank.
"We achieved a key milestone in our eight quarter plan with positive cash flow," BlackBerry CEO John Chen said. "We also attained another important milestone in the release of our new enterprise software products and devices Our focus now turns to expanding our distribution and driving revenue growth."
Considering the earnings show that hardware and services are big drivers of revenue, we expect the company will continue to try to push its products and services moving forward.
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.