Latin America's financial recovery slows BlackBerry - Teletime

The balance sheet of the BlackBerry for the period from March to May (its first quarter of fiscal 2014), released on Friday, 28 indicates an improvement of the company. Its total revenue in the three months was U.S. $ 3.07 billion, which represents a growth in both the previous quarter (December to February), when earned $ 2.68 billion, as compared with the same period last year past when had recorded U.S. $ 2.81 billion. In the annual comparison between quarters, net loss of BlackBerry fell significantly, from U.S. $ 518 million to $ 84 million.

The BlackBerry informs that 71% of its revenue in the quarter came from hardware sales and 26% from services. The remaining 3% came from sales of software. This part should be included sales of its app store.

The BlackBerry has distributed 6.8 million smartphones between March and May in the world and 100,000 tablets. The volume of smartphones is 13% higher than that of the previous quarter.

Latin America

Compared to the same quarter last year, the regions that pulled the company’s growth in revenue were Asia / Pacific and Europe, where its sales rose 28% and 30%, respectively. In North America and Latin America, however, there was a worsening of 4.2% and 23%, respectively.

Compared with the previous quarter, there was growth in all regions except Latin America, whose revenue fell from $ 479 million to $ 449 million. The region’s share, which was 20.7% in the company’s revenues a year ago, is now 14.6%. The company attributed the drop to problems related to the exchange rate policy in Venezuela, which prevented the recognition of $ 72 million in revenue this quarter.

Future

The BlackBerry reported that prejudice must register again in the next quarter (June to August) and will continue its plan to reduce costs. Also, is working on developing new products with the BlackBerry 10 operating system and mobile computing services that represent new revenue opportunities. Finally, we intend to enhance your BlackBerry Messenger, transforming it into a service platform market leader.