BlackBerry sells 4.3M phones; sets deal with Foxconn for emerging markets


Revenue of $1.2B in FQ3 is off 24% Q/Q, off 56% from a year ago. About 4.3M smartphones were sold to end customers, about 3.2M of those were BlackBerry 7 devices. Company takes $4.6B in non-cash, pre-tax charges amid inventory write-downs and restructuring.

Cash and cash equivalents rise to $3.2B as of the end of November from $2.6B one quarter earlier.

Company enters a 5-year strategic partnership with Foxconn to go after emerging markets - the initial target (early 2014) will be a smartphone for Indonesia and other fast-growing markets.

CC at 8 ET

BBRY halted until 7:30 ET.

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Comments (9)
  • Seppo Sahrakorpi
    , contributor
    Comments (2146) | Send Message
     
    Wow!
    20 Dec 2013, 08:08 AM Reply Like
  • Dmitry Kovalchuk
    , contributor
    Comments (412) | Send Message
     
    I don't even know what to say
    20 Dec 2013, 08:09 AM Reply Like
  • pytiz
    , contributor
    Comments (323) | Send Message
     
    Comment after CC.
    For now I see house clearing, WC clearing and likely great strategic turnaround.
    20 Dec 2013, 08:53 AM Reply Like
  • june1234
    , contributor
    Comments (4478) | Send Message
     
    Indonesia to the rescue.
    20 Dec 2013, 09:08 AM Reply Like
  • kkeate
    , contributor
    Comments (23) | Send Message
     
    So wait, they are going to rebuild making crappy phones with zero margins?
    20 Dec 2013, 09:26 AM Reply Like
  • Z10isgreat
    , contributor
    Comments (330) | Send Message
     
    BlackBerry doesn't make crappy phones so the answer to your question is no.
    20 Dec 2013, 09:36 AM Reply Like
  • kkeate
    , contributor
    Comments (23) | Send Message
     
    "Company enters a 5-year strategic partnership with Foxconn to go after emerging markets - the initial target (early 2014) will be a smartphone for Indonesia and other fast-growing markets."

     

    They won't be making $600 z10's for indonesia
    20 Dec 2013, 09:56 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7629) | Send Message
     
    And the margins on those phones are?
    20 Dec 2013, 10:46 AM Reply Like
  • gwynfryn
    , contributor
    Comments (6504) | Send Message
     
    How much can they be? This is the "dog eats dog" end of the market, that a company like BBRY should have avoided at all costs! In trench warfare, the army with the most troops always won...
    21 Dec 2013, 10:11 AM Reply Like
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