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Blackberry's Q4 losses lower than market expectations.

Washington, March 29 ( ANI ): Blackberry's fourth quarter results show that the company has reportedly incurred loss smaller than what analysts had predicted.

While Blackberry's shares plummeted by 6.63 percent in pre-market trading, the company's revenue dropped to 2.7 billion dollars from 3.2 billion dollars, taking a toll on the company's cash position.

According to Tech Crunch, Blackberry saw revenue drop from 64 percent from 2013 levels to 976 million dollars and this 423 million dollars loss is chump change compared to the 4.4-billion dollars loss reported during the previous quarter.

Meanwhile, Blackberry reportedly sold 3.4 million handsets to customers with only 1.1 million being BlackBerry 10 devices. ( ANI )

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Publication:Asian News International
Article Type:Financial report
Date:Mar 29, 2014
Words:129
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