BlackBerry shifted from manufacturing its own hardware to third-party branding partnerships such as the Alcatel maker, TCL. According to its recently posted earnings, BlackBerry Company has seen a surprising drop in its handset revenue. The companies posted earnings today and the revenues fell from $220 million for this quarter last year to the expected $62 million.
But on the plus side, the company experienced a rise in its software and service revenue up to $160 million. These profits are reflective of a profound shift that company will be undergoing in future. The adjusted earnings of the company were $0.01 a share which have upgraded from the $0.02 per share loss.
BlackBerry has come a long way to this point. This change is enough to make investors hopeful for the company’s long awaited transition towards a software/services/branding operation. This is an encouraging indication for the company to make a successful appearance in a world where there is longing for mobile security.
Via: Tech Crunch