The company, that has struggled to claw back market
share from the likes of Apple Inc's iPhone and Samsung physical science Co Ltd's Galaxy phones, same it expects to report a web operational
loss of between $950 million and $995 million within the quarter complete
August thirty one, owing to writedowns and alternative factors.
The results can place additional pressure on BlackBerry to seek out a emptor for either some components of the corporate, or for all of it. It same last month it's consideration its choices, as well as AN outright sale, within the face of persistently lackluster sales of its new smartphones, that run on the BlackBerry ten package.
"The company has sailed off a drop," same BGC Partners analyst Colin Gillis. "What does one expect once you announce you are up for sale? UN agency desires to decide to a platform that might presumably be shut down?"
BlackBerry's Toronto-listed shares fell the maximum amount as twenty three.7 p.c to C$8.25 on Friday, their lowest this year, before closing down sixteen p.c at C$9.08. The company's Nasdaq-listed shares complete seventeen p.c lower at $8.73, when falling as low as $8.01.
Waterloo, Ontario-based BlackBerry, once Canada's premier technology company, same it expects to book a $930 million to $960 million writedown in its business enterprise second quarter as a result of a flying stockpile of unsold BlackBerry Z10 devices.
The company had bet abundant of its future on the recognition of the Z10 touchscreen device - the primary of the smartphones to be hopped-up by its new BlackBerry ten package. whereas the device thespian favorable reviews, it's did not gain traction among shoppers since its introduction earlier this year.
For the second quarter, the corporate expects to own sold-out regarding three.7 million BlackBerry smartphones to finish users. BlackBerry same it's ever-changing the means it accounts for device sales, currently booking revenue solely when a tool is sold-out to the end-customer, and to not carriers.
Worryingly, most of the unit sales being recognized within the quarter area unit older-generation BlackBerry seven devices. the corporate same it couldn't acknowledge BlackBerry ten devices shipped within the quarter till those devices area unit sold-out through to finish customers. that means carriers are having issue moving the printing operation of devices.
The results can place additional pressure on BlackBerry to seek out a emptor for either some components of the corporate, or for all of it. It same last month it's consideration its choices, as well as AN outright sale, within the face of persistently lackluster sales of its new smartphones, that run on the BlackBerry ten package.
"The company has sailed off a drop," same BGC Partners analyst Colin Gillis. "What does one expect once you announce you are up for sale? UN agency desires to decide to a platform that might presumably be shut down?"
BlackBerry's Toronto-listed shares fell the maximum amount as twenty three.7 p.c to C$8.25 on Friday, their lowest this year, before closing down sixteen p.c at C$9.08. The company's Nasdaq-listed shares complete seventeen p.c lower at $8.73, when falling as low as $8.01.
Waterloo, Ontario-based BlackBerry, once Canada's premier technology company, same it expects to book a $930 million to $960 million writedown in its business enterprise second quarter as a result of a flying stockpile of unsold BlackBerry Z10 devices.
The company had bet abundant of its future on the recognition of the Z10 touchscreen device - the primary of the smartphones to be hopped-up by its new BlackBerry ten package. whereas the device thespian favorable reviews, it's did not gain traction among shoppers since its introduction earlier this year.
For the second quarter, the corporate expects to own sold-out regarding three.7 million BlackBerry smartphones to finish users. BlackBerry same it's ever-changing the means it accounts for device sales, currently booking revenue solely when a tool is sold-out to the end-customer, and to not carriers.
Worryingly, most of the unit sales being recognized within the quarter area unit older-generation BlackBerry seven devices. the corporate same it couldn't acknowledge BlackBerry ten devices shipped within the quarter till those devices area unit sold-out through to finish customers. that means carriers are having issue moving the printing operation of devices.
No comments:
Post a Comment