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December 18, 2015

BlackBerry’s quarterly earnings are in

by John_A


BlackBerry’s quarterly earnings report is finally in, and the Blackberry Priv played a role in the charge.

BlackBerry reported a revenues total of $557 million, which is far above the $488.8 million predicted. In the third quarter, BlackBerry launched the long-anticipated BlackBerry Priv, which was the first Android-powered handset in the company’s history. BlackBerry’s report indicated that 700,000 was the number of total Priv sales for the quarter.

The total hardware sales was down year-over-year, however saw a minor increase from the second quarter which increased from $201 million to $222.8 million. BlackBerry’s largest growth came in the area of software and services which rose 183% when comparing to last year’s total revenues. Revenue in this category totaled up to $162 million. This incremental increase led to a surge in the company’s share price which rose roughly 11% today. It looks like BlackBerry won’t have to ditch hardware anytime soon.

Source: BlackBerry

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