Android device has to pull BlackBerry out of slump | RetailDetail

Android device has to pull BlackBerry out of slump

Android device has to pull BlackBerry out of slump

Canadian smartphone manufacturer BlackBerry had to deal with a slump in second quarter turnover, from 916 million dollars (820 million euro) to 490 million dollars (440 million euro). The company will now release an Android-powered smartphone to help turn the tide.

New device has to save the company

BlackBerry had already warned it would have dismal results, but the quarterly numbers were even worse than anticipated. Nevertheless, there was a silver lining: it ended its second quarter with a 51 million dollar net profit (45 million euro), compared to the 207 million dollar loss it had endure in the second quarter of 2014.

 

To turn the tide, BlackBerry will soon launch a new smartphone called Priv: customers will be able to choose whether they prefer an Android-powered version or one that runs on the company's own native technology. No matter the choice, both versions will be protected by Canadian technology.

 

The device will launch before the end of the year and will contain a sliding system, revealing the keyboard hidden underneath the touch screen. The device has to give BlackBerry sales a spark, as its current version is not doing very well: only 800,000 were sold in the past quarter, well below the 1.1 million devices from the first quarter.

Questions or comments? Please feel free to contact the editors


Ceconomy finds growth online

09/02/2018

Ceconomy, Media Markt and Saturn’s parent company, revealed a small turnover growth for its first quarter, thanks to improved online sales. Expectedly, its profit did drop.

Insurance company becomes second largest Fnac-Darty shareholder

08/02/2018

There has been yet another thorough shake-up among Fnac Darty’s shareholders. The merger company, which owns Belgian electronics chain Vanden Borre and Dutch retailer BCC, will now welcome insurance company SFAM, after it bought investment fund Knight Vinke’s shares.

Record profit for Apple despite disappointing sales

02/02/2018

Apple broke its turnover and profit records in the first quarter of its fiscal year, which ended on 30 December 2017. Nevertheless, there are unfavourable signals, because iPhone sales were below expectations.

Computer chips reason for Samsung's record profit

31/01/2018

Korean technology company Samsung’s fourth quarter resulted in a record profit, mainly thanks its chip division, where prices remain sky high.

Scottish store "fires" Pepper robot

23/01/2018

An Edinburgh-based store of British chain Margiotta halted its Pepper robot experiment after merely a week, because its customers apparently found it too confusing.

Ceconomy issues profit alert for first quarter

22/01/2018

Media Markt and Saturn’s parent company, Ceconomy, issued an alert warning it would probably have weaker first quarter results.

Back to top