BlackBerry posted weaker revenue and earnings than analysts had expected for its first fiscal quarter, but the company surprised the market by posting stronger gains in software sales. The onetime smartphone powerhouse has been placing less emphasis on hardware and more on software, enterprise security and the Internet of Things in a push to remake itself under CEO John Chen.
BlackBerry is likely going to report less software revenue when it posts earnings on June 23 than Wall Street is expecting, and financial analysts and the wider market should lower their expectations for how quickly the company can increase software sales, according to a report from analysts at Wells Fargo.
BlackBerry is thinking of using Google's Android software in an upcoming smartphone for the first time, according to a Reuters report.
BlackBerry said it will cut an unspecified number of jobs in its smartphone hardware and software businesses as it continues its turnaround efforts under CEO John Chen.
BlackBerry and T-Mobile US have kissed and made up. A little more than a year after BlackBerry cut sales ties with T-Mobile amid a dispute over T-Mobile promoting the iPhone over BlackBerry's phones, T-Mobile is now going to start selling the BlackBerry Classic smartphone.
How did the wireless industry perform in the first quarter of 2015? Check here throughout the first-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.
BlackBerry's turnaround efforts showed signs of bearing fruit in the company's fiscal 2015--the year to end-February--with the company cutting its annual net loss and even generating a slight profit in its fiscal Q4.
Struggling smartphone maker BlackBerry surprised investors today by posting a fiscal fourth quarter net profit of $28 million. However, enthusiasm was dampened by fourth quarter revenues of $660 million, down from $976 million in fourth quarter 2013 and below analyst expectations of $786 million.
BlackBerry is an afterthought in the device market, but the company wants to become much more of a software player in the next few years. However, the open question is whether the company has the wherewithal to achieve its goals.
Around three months after Ford Motor Co. chose BlackBerry subsidiary QNX's technology to power its Sync 3 in-car technology platform, and not technology from longtime partner Microsoft, Ford is now returning to Microsoft. Ford has contracted with Microsoft for the software giant to deliver cloud-based wireless updates to its connected cars.