BlackBerry increases revenues by 15pc but makes loss of $84m

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Shipments up 13 per cent from the previous three months, but subscriber numbers down again as manufacturer predicts another loss in the coming quarter 

BlackBerry saw its revenues rise to $3.1 billion (£2.03 billion), but also made a loss of $84 million (£55.1 million) in the first three months of this year.

Reporting its Q1 financial results for the three months to June 1, revenue was up 15 per cent sequentially and nine per cent annually, while the loss was in comparison to the $94 million (£61.7 million) profit made in the previous quarter.

BlackBerry shipped 6.8 million smartphones, up 13 per cent from the previous three month period. From this, it shipped 2.72 million BlackBerry 10 smartphones, up from the one million shipped in the previous quarter. It also shipped 100,000 PlayBook tablets this quarter.

In the previous quarter, BlackBerry reported that subscriber numbers had fallen from 79 million to 76 million. However it these results, the manufacturer did not reveal numbers.

In Europe, Blackberry’s revenues were $1.34 billion (£879 million), up from $1.23 billion (£807 million) in the previous quarter. This made up 43.7 per cent of the manufacturer’s revenues in the three months, but was down from 45.8 per cent in the previous quarter.

BlackBerry said it expects to make an operating loss in the current quarter. Throughout the remainder of its financial year, it said it will continue to invest in BlackBerry 10 smartphone launches, and the roll out of BlackBerry Enterprise Service 10, to continue to establish the new platform in the market.

It added it will also invest resources to evolve BlackBerry Messenger into a leading cross-platform mobile social messaging application, and launch other revenue initiatives associated with new services and emerging mobile computing opportunities.

BlackBerry president and CEO Thorsten Heins (pictured) said: “During the first quarter, we continued to focus our efforts on the global roll out of the BlackBerry 10 platform. We are still in the early stages of this launch, but already, the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions.

“Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next  generation mobile computing solutions for both consumer and enterprise customers.”

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