Less than six months on from launching the first BlackBerry 10 smartphones and BlackBerry has reported disappointing financial results for its fiscal first quarter of 2014.
Announcing the results today, the company revealed that revenues increased from $2.8 billion a year ago to $3.1 billion but reported a GAAP (Generally accepted accounting principles) loss of $84 million.
This will come as a blow to the company, which renamed from Research in Motion at the start of the year.
The firm has made significant job cuts over the last year and had looked to have turned a corner when it reported a profit of $94 million just last quarter.
BlackBerry says that it shipped 6.8 million BlackBerry smartphones in Q1, which was up 13% on a quarter-on-quarter basis, and revealed that it also shipped 100,000 PlayBook tablets.Source article