BlackBerry announces 2.6 million smartphones sold as part of Q1 2015 earnings report

Canadian smartphone manufacturer, BlackBerry, announced its financial results for Q1 2015 earlier today. The results while not entirely positive, prove to be marginally encouraging.

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BlackBerry has managed to stem its losses for the most part. Revenues were $966 million which is a 1% drop Quarter on Quarter. The revenue breakdown can be explained as 39% towards hardware, 54% towards services and 7% for software.  The company has a cash and investments balance equivalent to $3.1 billion which is up from $2.7 billion in the previous fiscal. The company has managed to reduce operating expenses by 57% year on year. Continue reading “BlackBerry announces 2.6 million smartphones sold as part of Q1 2015 earnings report”