BlackBerry loses almost a billion dollars, blames it on the failed Z10
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BlackBerry has just reported a $935 million hit in Q2 due entirely to what it's calling a "Z10 Inventory Charge" -- in other words, a charge against inventory and supply commitments for a flagship handset that is failing to sell. Echoing Microsoft's catastrophic write-down due to unsold Surface RT inventory, this single loss was enough to wipe out much of the company's quarterly revenue of $1.6 billion. When added to a further loss due to corporate restructuring, it resulted in a final GAAP loss for BlackBerry of $965 million. |
Re: BlackBerry loses almost a billion dollars, blames it on the failed Z10
The Z10 wasn't a bad phone, scratch that it isn't a bad phone.
It just needed more consumer mindshare in my humble opinion. This means bad news. The third place runner has fallen. Nokia too. Basically the state of the smartphone market is a duopoly between Samsung and Apple. Samsung has the larger marketshare, Apple has the larger profits. Both have equal influence on the market and each other. |
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Re: BlackBerry loses almost a billion dollars, blames it on the failed Z10
that z10 has too big bezel. they deserve failfure at first glance
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Blackberry as what it was is dead and will be sold for parts by the consortium. It's a dead end as was WebOS or MeeGo without nearly enough funding to create actual viable ecosystem for the size of the company in such a fierce market. BBM and patents (how valuable they are will be seen, when Motorola's much more impressive patent holdings have not been worth even near what Google paid for them) might be the new core for the "old" company, like NSN, HERE and Advanced technologies are for the new Nokia. |
Re: BlackBerry loses almost a billion dollars, blames it on the failed Z10
Ouch. As an BlackBerry Z10 owner, I can honestly say that I enjoy the phone and it's more like the Canadian take on Harmattan than anything else. There's plenty of flaws, but it fits my workflow closer than Android or iOS - but not as well as the N9. But it's darn close.
Folks will point at many factors - but overall it wasn't marketing. BB10 was just too late to the market with very little 3rd party support. They embraced the developers, there's more SDK's to make your work shine on BB10 than most any other platform and yet... here they are. Just... wow. That's a lot of money to absorb. |
Re: BlackBerry loses almost a billion dollars, blames it on the failed Z10
BlackBerry's epitaph should read:
"Oh yeah, maybe we should get some developers" |
Re: BlackBerry loses almost a billion dollars, blames it on the failed Z10
And the price? Here in Brazil, Z10 costs more than $ 1,000
S4 costs half! |
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