March 3, 2021




BlackBerry reports profit, 1m sales of Z10 phones

TORONTO: BlackBerry says it sold about 1 million of its critically important new BlackBerry 10 devices and returned to profitability in the fourth quarter.

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The earnings provide a first glimpse of how BlackBerry’s new touch-screen Z10 is selling internationally and in Canada since its debut January 31. Details on the US launch are not part of Thursday’s financial results because the Z10 just went on sale in the US last week.

In the quarter that ended March 2, BlackBerry earned $98 million, or 19 cents a share, compared with a loss of $125 million, or 24 cents a share, a year earlier. Revenue fell 36 percent to $2.7 billion, from $4.2 billion. Analysts surveyed by FactSet had expected $2.82 billion.

The company also announced that co-founder Mike Lazaridis will retire as vice chairman and director.

                                                                                Source-Times of india