These models aren’t selling very well. (AP Photo/Lefteris Pitarakis)
It’s been a big day for BlackBerry. The Canadian smartphone maker released its third-quarter results Friday morning, posting a major loss that was followed by an intriguing upswing in the company’s share price. It seems the stock market is impressed by new CEO John Chen’s announcement that BlackBerry will be partnering with Foxconn on the future manufacturing of its handsets.
A lot of numbers are being tossed around, so we decided to gather some of the most important ones together in order to sum up BlackBerry’s financial record—and where it might be headed in the future.
BlackBerry by the numbers:
- Loss posted in the company’s third quarter for the fiscal year 2014: US$4.4 billion
- 3Q Revenue: $1.2 billion
- Compared to the same quarter last year: $2.7 billion, a 56% drop
- Number of handsets sold in 3Q: 4.2 million
- Percentage of handsets sold that were older BB7 models: 74%
- Number of BlackBerry shares sold on the NASDAQ: 524.64 million
- BlackBerry’s share price before its 3Q report: $6.25 on the Nasdaq
- And its share price after the market closed Friday: $7.22, a 15% increase
- BlackBerry’s Nasdaq market cap as of Friday: $3.79 billion
With files from the Canadian Press
FILED UNDER: blackberry John Chen Nasdaq
