BlackBerry Shipped 1 Million Z10s, Hits $2.7 Billion In Revenues

Posted Mar 28, 2013

BlackBerry released their fiscal Q4 2013 earnings today and the company did very well considering that analysts dismissed a possible recovery for the Canada-based mobile and tablet manufacturing company.  BlackBerry reported earnings of $0.22 per share on $2.7 billion in revenue.  The company’s net income for the quarter was $114 million.

Wall Street was expected a loss of $0.28 per share on revenues of $2.8 billion.  This is lower than the $0.80 earnings per share and $4.6 billion in revenue that BlackBerry reported in the same quarter one year before.

BlackBerry shipped 6 million smartphones this past quarter and one million of them were the new BlackBerry Z10 devices.  The company has around 76 million subscribers, which is down from the 79 million as of last December.  Many of those subscribers tend to be using the BlackBerry 7 powered devices.

In the same announcement, BlackBerry announced that there would be a management shake-up.  Former BlackBerry co-CEO Mike Lazaridis said that he will be stepping down as the Vice Chair and Director of the company.  Lazaridis recently launched a $100 million quantum computing venture capital fund.