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Sunday, 31 March 2013

TechNews: Blackberry maker Research in Motion posts surprise profit

Mobile phone maker Blackberry says it has
sold one million of its new Z10 smartphones.
In better than expected results the company said it
made profits of $98m (£65m) in the quarter, after
posting a big loss for the same period last year.
The Z10 handset is seen as crucial to the future of
Blackberry, which has struggled to keep up with new
Apple and Android phones.
It has been on sale for a month in the UK, Canada and
other markets.
It went on sale with little fanfare a week ago in the
United States, Blackberry's most important
market. Blackberry reports 1m Z10 sales
The figures do not include US sales.
Blackberry was previously called Research In Motion,
but changed its name last year.
Analysts greeted the results cautiously, saying that it
was too early to judge the success of the Z10 and its
sister device the Q10.
Earlier in the week, Blackberry shares were hit when
two major US brokerages expressed disappointment
with the US launch of the Z10.
In a note to its clients Citigroup described the launch as "a big
disappointment".
The Blackberry results also showed the company lost
three million users over the year. Its handsets are
now used by 76 million people, down from 79 million
12 months ago.
In total, Blackberry said it shipped a total of around
six million handsets in the three months to early
March.

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