Blackberry Profit: So far today, we have brought you a couple of pieces regarding Research In Motion Ltd (NASDAQ:BBRY). If you have yet to check these out, you can do so by visiting this page and this page. We have talked about fiscal 2013 revenue for the company, as well as sales for the popular Z10 smartphone. Now, it is time to dive into the finer details associated with a decrease in its subscriber base.
Reuters is reporting that the company’s “subscriber base fell slightly more than expected” despite a surprise quarterly profit.
Here is what the article had to say about subscriber numbers:
“Subscriber numbers also slipped, to about 76 million from 79 million as of December 1.”
Research In Motion Ltd (NASDAQ:BBRY) is hoping that things will turnaround in fiscal 2014, thanks to its BlackBerry 10 operating system and early success with its new Z10 smartphone.
As we noted earlier today, the company reported sales of roughly one million Z10 smartphones in the fourth quarter of fiscal 2013. Here is what Morningstar analyst Brian Colello had to say, as quoted by Reuters:
“I think the 1 million units is a nice start. I think the encouraging thing is that BlackBerry was still able to sell a good portion of older models and generate solid service revenue during the transition. I think that will be important in terms of cash balance and profitability.”
Although things may be looking up at BlackBerry, it is important to note that the company is far behind the competition including main rivals such as Apple Inc. (NASDAQ:AAPL). With market share slipping away to competitors, it is important for Research In Motion Ltd (NASDAQ:BBRY) to continues its turnaround in the first quarter of fiscal 2014.
What do you think about the fact that Research In Motion Ltd (NASDAQ:BBRY) subscribers are down? Do you believe that the company is on the right track? Share your thoughts in the comment section below.
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DISCLOSURE: I have no positions in any stock mentioned.
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