BlackBerry Q4 Results Aren’t As Bad As We Expected

blackberry logo

BlackBerry‘s Q4 results are out, and the company isn’t in ruins as a lot of people predicted. They’re not doing amazing, but they aren’t doing poorly either.

The company already sold 1 million phones running the BlackBerry 10 OS released earlier this year. The Blackberry Z10 and Q10 went on sale around the world from January 31, 2013 (it went on sale in Nigeria on March 1), so keep in mind BlackBerry’s fourth quarter runs from December 2nd, 2012 until March 2nd, 2013.

Blackberry also reported a net profit of $98 million, or 22 cents a share this quarter, which isn’t bad at all. However, year-end revenue was $11.1 billion, down 40 percent from last year’s $18.4 billion. Pretty tough, but hey, at least we know we can stop with the BlackBerry-Microsoft buyout jokes. The company, formerly known as Research In Motion (RIM), is doing quite well.

The next quarter is due to be reported on June 28, so let’s see if it goes up from here.

Faridah Demola-Seriki

Faridah Seriki has been interested in technology since she got her hands on a desktop when she was eight. She founded Technesstivity after releasing a successful blog she made for class combining her passion for both journalism and technology. Faridah graduated from Vivian Fowler in 2009 and lives in New York where she graduated from Hofstra University with a Bachelors degree in Broadcast Journalism

More Posts - Website - Twitter - Facebook