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VodkaPundit

Fill it to the RIM — With Fail

December 20th, 2013 - 6:20 am

Ouch:

WATERLOO, Ont. – BlackBerry Ltd. reports it had a staggering US$4.4-billion net loss from continuing operations in its latest quarter.

The struggling smartphone company’s revenue was below expectations at US$1.2 billion, down 56 per cent in the same quarter last year.

And its adjusted loss from continuing operations was US$354 million, or 67 cents per share — also 23 cents below analyst estimates.

Analysts expected BlackBerry adjusted loss would be 44 cents per share and its revenue would be about $400 million higher at US$1.6 billion.

As recently as last quarter, analysts were still talking about BlackBerry’s cash flow and its nice little nest egg. But they lost about as much money this quarter

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This doesn't even qualify as creative destruction any more. It's simply an ass-kicking of epic proportions.

When the case studies are written about the iPhone in the next few years, BB is going to be held up as a meta example of what it means to be paradigm slapped.
16 weeks ago
16 weeks ago Link To Comment
Boss! Boss! Our sales are down massively. Shouldn't we cut spending or somehting?

Nah. I'm sure it'll be fine.

Blackberry: For idiots, by idiots.
16 weeks ago
16 weeks ago Link To Comment
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