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BlackBerry posts $84 mn quarterly loss

Quarter was the first to include a substantial period of sales for phones based on BlackBerry 10 OS.

Written by New York Times | Ottawa | Published: June 29, 2013 1:50:05 am

IAN AUSTEN

The smartphone maker BlackBerry reported a bigger-than-expected loss of $84 million on Friday for its latest quarter,although revenue rose 9 per cent to $3.1 billion from the same quarter a year ago and 15 per cent from the previous three months.

The loss of 16 cents a share in its fiscal first quarter was substantially more than analysts’ expectations of a 6-cent-a-share loss,according to a Thomson Reuters survey. It followed a surprise profit in the fourth quarter. Share in BlackBerry fell 28 per cent in morning trading in New York.

The quarter,which ended on June 1,was the first to include a substantial period of sales for phones based on the new BlackBerry 10 OS,which the company hopes will revive its brand in the smartphone market,particularly in the United States.

North American revenue fell 4.2 per cent to $761 million from a year ago despite the new,heavily advertised phone models.

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