BlackBerry down but not out as it posts lower-than-expected losses
BlackBerry may be finding it tough to compete in a world now dominated by Android and iOS, but it isn’t finished yet. The company has just announced a net loss of $207M in Q2, significantly lower than had been expected and far lower than the $965M it lost in the same quarter last year.
The company is pinning its hopes on its new square-screened BlackBerry Passport phablet, and says that it anticipates breaking even by the end of the 2015 fiscal year. CNBC noted that BlackBerry CEO John Chen said back in April that it could return to profit on sales as low as 10M handsets a year …
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