BlackBerry loses a billion dollars in three months, blames it on failed Z10
BlackBerry has simply reported a $935 million hit in Q2 due totally to what it is calling a “Z10 Stock Cost” — in different phrases, a loss related to making a inventory of flagship handsets that subsequently did not promote. Echoing Microsoft’s catastrophic write-down as a consequence of unsold Floor RT stock, this single loss was sufficient to wipe out a lot of the corporate’s quarterly income of $1.6 billion. When added to an extra loss resulting from company restructuring, it resulted in a ultimate GAAP loss for BlackBerry of $965 million. It is exhausting to gauge precisely how most of the newer BB 10 handsets (specifically the Z10 and Q10) bought in the course of the quarter, however BlackBerry admits that “most” of the three.7 million models that reached finish customers have been older BlackBerry 7 units, so the figures cannot be fairly. For his half, Thorsten Heins says he is “very dissatisfied” with the outcomes, however he claims the corporate noticed progress in enterprise server (BES 10) clients and he insists there’s nonetheless a future in that aspect of the enterprise — a future that would quickly belong to another person.