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

|About: BlackBerry Ltd. (BBRY)|By:, SA News Editor

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.