Revenue arise boosts Blackberry revival

Blackberry PRIVImage copyright
AP

Image caption

Blackberry’s Priv smartphone runs on a Android platform

Blackberry has reported revenues of $548m for a 3 months to Nov – 12% aloft than a prior quarter.

It was a struggling smartphone maker’s initial quarter-on-quarter boost for some-more than dual years.

The better-than-expected results give a Canadian association some wish that a turnaround devise is working.

Revenue was 31% reduce than for a same duration final year, though waste narrowed to $89m compared with a $148m necessity a year ago.

Chief executive John Chen pronounced he was gratified with progress, as expansion in craving program gained movement and income rose opposite a “areas of focus”.

“Blackberry has a plain financial foundation, and we are executing well,” he said.

Revenue from program – a figure being closely watched by analysts – some-more than doubled to $162m compared with a same entertain final year.

“Blackberry strike a program series that investors have been looking for them to strike for utterly some time,” pronounced Morningstar researcher Brian Colello.

Total program income for a initial 3 buliding reached about $362m – within distinguished operation of a $500m foresee for a full financial year to February.

Last month, a association launched a new smartphone called a Priv, a initial to run on a Android height rather than a possess handling system.

Image copyright
Reuters

Image caption

Blackberry arch executive John Chen is gratified with accepting given to a PRIV smartphone

The infancy of a world’s smartphones run on a Google-developed Android.

Blackberry pronounced a Priv total Blackberry-level confidence with entrance to a 1.6 million apps in a Google Play app store.

Mr Chen pronounced a device had been good perceived and would be accessible on some-more mobile networks globally subsequent year.

Blackberry aims to sell 5 million of a handsets a year. The Priv costs about $700/£580 though a contract, putting it in line with a iPhone and reward Android devices.

The association sole 700,000 inclination in a third quarter, down 100,000 from a prior quarter, though normal offered prices rose from $240 to $315.

Shares in Blackberry sealed adult 10.4% in New York during $8.61, though a batch is still down some-more than a fifth this year.

The association is valued during only $4.1bn. In comparison Apple is value some-more than $600bn.

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