Tue, Jul. 5, 1:57 PM
- BlackBerry (NASDAQ:BBRY) hasn't moved entirely out of phones just yet, but it is leaving behind a Classic.
- The company won't make its Classic line anymore, preferring to focus on "innovating and advancing" the portfolio.
- Shares have fallen 2.7% so far today.
- The Classic "has been an incredible workhorse device for customers, exceeding all expectations. But, the Classic has long surpassed the average lifespan for a smartphone in today’s market," says COO Ralph Pini in a post. "We are ready for this change so we can give our customers something better – entrenched in our legacy in security and pedigree in making the most productive smartphones."
- The move is yet another step toward leaving behind the BB10 operating system, but Pini says the company still actively supports BlackBerry 10 and is on track to deliver 10.3.3 next month and another update to follow next year.
- BlackBerry sold 500,000 devices in the most recent quarter, compared with 600,000 the quarter prior.
Tue, Jul. 5, 9:08 AM
- In another blow to what was once the mobile device of choice for the security obsessed, the U.S. Senate will stop handing out BlackBerry (NASDAQ:BBRY) mobile devices to its administrative workers.
- Once the remaining in-house supply of 600 BlackBerry devices has been exhausted, staffers will have the option of using a Samsung S6, which runs on Android, or an iPhone SE.
Fri, Jun. 24, 8:02 AM| Fri, Jun. 24, 8:02 AM | 5 Comments
Thu, Jun. 23, 7:17 AM
- FQ1 non-GAAP revenue of $424M fell 36% from a year ago and broke down as 39% from software and services, 25% for service access fees, and 36% for mobility solutions.
- Non-GAAP operating income of $14M, non-GAAP EPS of $0.00. The GAAP loss of $670M or $1.18 per share came from mostly from a $501M long-lived asset impairment charge.
- Company had negative free cash flow of $65M for the quarter, and had net cash of $1.3B at quarter's end. Purchase orders with contract manufacturers of $150M at end of quarter are down from $162M three months earlier and $238M a year ago.
- For full-year, company is on track for 30% revenue growth in software and services. Non-GAAP EPS loss of $0.15 is expected vs. consensus $0.33 loss. Free cash flow for year is expected to be positive.
- Conference call at 8 ET
- Previously: BlackBerry beats by $0.08, misses on revenue (June 23)
- BBRY +0.9% premarket
Thu, Jun. 23, 7:05 AM
Wed, Jun. 22, 5:30 PM
Wed, Jun. 22, 4:57 AM
- BlackBerry (NASDAQ:BBRY) is holding its annual general meeting this morning, with top executives likely to face questions on the future of its hardware business.
- The one-time smartphone leader has been struggling in recent years and its first Android-powered phone, the Priv, has so far failed to boost sales.
- BlackBerry's software and services operations, on the other hand, have performed better, with revenue in the category last quarter jumping 106% Y/Y.
Wed, Jun. 15, 12:30 PM| Wed, Jun. 15, 12:30 PM | 48 Comments
Thu, Jun. 9, 12:47 PM
- Q1 Worldwide Business smartphone shipments of 92.2M units fell 21% Q/Q, and increased 0.5% Y/Y according to Strategy Analytics.
- Worldwide Business tablet shipments of 17.3M units fell 34.5% Q/Q, and 9.8% Y/Y.
- Weak global demand, slowing economy and higher inventory hampered the growth of both BYOD and corporate-liable markets.
- "Longer life cycles, increased competition from other categories such as larger smartphones/phablets, combined with the fact that end users can install the latest operating systems on their older tablets has stifled enthusiasm for these devices in both BYOD and corporate-liable environments. In addition, Q4 2015 registered a strong quarter for business tablets, hence a soft first quarter of the year is not unusual," said Andrew Brown, ED of Enterprise Research at Strategy Analytics.
Wed, Jun. 8, 6:20 PM
- BlackBerry (NASDAQ:BBRY) has launched Email Protector, a software solution that leverages BlackBerry's WatchDox file-sharing/syncing platform (acquired last year) to apply DRM protection and otherwise better secure e-mail attachments.
- The company is also updating WatchDox (competes with offering from Box, Microsoft, and others) to support file-syncing and sharing for Office 365 and Salesforce's cloud CRM apps. Other updates include in-browser document editing, better Microsoft Outlook integration, and custom workspaces for third-party apps.
- Separately, BlackBerry has updated its BES12 enterprise mobility management (EMM) platform and Good Technology's mobile app management software to allow Good Dynamic apps to be managed via BES12 on devices using Samsung's Knox Workspace mobile security solution.
- BlackBerry: "Whereas best of breed management of devices, apps and content has traditionally required multiple consoles from multiple vendors, with BlackBerry's multi-OS EMM platform administrators will be able to securely manage their full mobile deployment at the device, app and content layer from a single secure platform with unmatched control."
- Software/services accounted for 32% of BlackBerry's FQ4 (February quarter) revenue, up from 29% in FQ3.
Wed, Jun. 8, 8:00 AM| Wed, Jun. 8, 8:00 AM | 25 Comments
Tue, May 3, 3:23 AM
- In an interview with CNBC on Monday, BlackBerry (NASDAQ:BBRY) CEO John Chen sounded a bit more positive about the company's hardware outlook.
- While repeating an earlier statement about a return to hardware profitability being key, Chen said that he's "very close" to getting the company there, and "truly believes" that BlackBerry will remain in the business of making smartphones.
- He also confirmed plans to release two new phones later this year, and stated there's "absolutely” a hardware plan that looks past that pair of devices.
Thu, Apr. 28, 2:02 AM
- Alex Thurber, formerly an SVP of global device sales at firewall hardware vendor WatchGuard, has been named BlackBerry's (NASDAQ:BBRY) SVP of global device sales. The WSJ says Thurber will be responsible for BlackBerry's in-house hardware sales teams, as well as its efforts to boost distribution via carriers and other partners.
- BlackBerry is coming off a February quarter in which it only sold 600K phones, down from 700K in the November quarter. John Chen has set a goal of making the phone business profitable by September, and left the door open to exiting the business if the goal isn't reached.
- Following last year's launch of the high-end Priv Android phone, two mid-range Android phones are being prepped for 2016 launches: One contains a physical keyboard, and the other is touch-only.
Fri, Apr. 1, 9:17 AM
Fri, Apr. 1, 7:44 AM
- Revenue of $487M in FQ4 was down 26% Y/Y (and a $76M miss) as the company continues to transition to software and services, which made up 32% of the total.
- For the year, software and licensing revenue topped guidance of $500M.
- The company expects to grow software and services revenue at around 30% this year, and anticipates positive free cash flow and adjusted EBITDA.
- The conference call starts at 8 ET
- Previously: BlackBerry beats by $0.07, misses on revenue (April 1)
- BBRY -6% premarket
Fri, Apr. 1, 7:02 AM
- BlackBerry (NASDAQ:BBRY): Q4 EPS of -$0.03 beats by $0.07.
- Revenue of $487M (-26.2% Y/Y) misses by $76.18M.