[Everything Goes]

BlackBerry have made their first profit in a very long time. BlackBerry reported a net income of $28m for the three months ending on 28th February, compared to a loss of $423m for the same period a year ago.

Improved performance came from increased average price of a BlackBerry handset which was $211 in the fourth quarter, compared to $180 in the previous year's quarter.

BlackBerry also received a $115m windfall from the sale of its stake in the Rockstar Consortium, an industry group led by Apple and Microsoft that had hoarded telecom patents previously owned by the now bankrupt Nortel.

BlackBerry's mobile device management tools and other software in Q4 were up 19.6% from the year ago quarter. But that $67m in software revenue was just 10% of the quarter's total.

BlackBerry has cut its staff by around 60% over the last 3 years

On the not so bright side. Total revenue for the quarter was $660m, a 32.4% year on year decline. Hardware sales were down 23.5% year on year, and services revenue was down 43.6%.

BlackBerry had lost $5.9bn in 2014.

While this profit is likely to be a one off this year they hope it will make more consistent profits by 2016.

http://www.theregister.co.uk/2015/03...2015_earnings/

[jonmorris]

They scraped a profit by selling a stake in another business/consortium. What can they sell next to make a profit?

Besides devices that people clearly don't want. At least nowhere near enough.