"We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the company returning to profitability in the fourth quarter," said president and chief executive Thorsten Heins.
MONTREAL — BlackBerry (IW 1000/240) eked out a small profit in a transition quarter for the Canadian smartphone maker in the midst of its launch of a make-or-break platform to challenge Apple (IW 500/9) and Android.
The Waterloo, Ontario firm said profit in the fourth fiscal quarter ended March 2 was $98 million, compared with a loss of $125 million in the same period a year earlier.
The results come with the company rolling out new smartphones based on the new BlackBerry 10 platform, seen as its best hope at regaining traction after suffering staggering losses in market share in recent years.
The group said it shipped six million smartphones in the quarter, including around one million BlackBerry 10 units, while its subscriber base slid by three million, to 76 million.
The company unveiled its new platform Jan. 30, as it dropped the corporate name Research in Motion to rebrand as BlackBerry. But sales launches have been staggered, depending on the region. In the United States, the new phones went on sale just last week.
The quarterly data included some sales of the new phones in Canada, Britain, India and Indonesia.
"We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the company returning to profitability in the fourth quarter," said president and chief executive Thorsten Heins.
"As we go into our new fiscal year, we are excited with the opportunities for the BlackBerry 10 platform, and the commitments we are seeing from our global developers and partners."
