Every quarter is pivotal for BlackBerry right now, but the one covered by today's earnings report (Q1 2014 in fiscal terms, or March through May 2013 on our calendar) is especially important. It's the first full period of Z10 availability and also the first quarter to cover significant Q10 shipments to markets like Canada and the UK (although not the US). So far, the news looks mixed, but mostly glum: revenues are up to $3.1 billion, compared to $2.8 billion generated in the same quarter last year, which was when RIM (as it was called back then) announced significant job cuts and an equally major delay to its next-gen BB10 operating system and hardware range. However, none of that cash was retained as profit, despite all the cost-cutting measures. In fact, BlackBerry managed to lose $84 million, reversing the positive shift seen last quarter when the company kept a hold of $94 million as profit. Worryingly, the press release provides no breakdown of the crucial BB10 device shipments, versus older devices. There's just a quote from Thorsten Heins saying "we are still in the early stages of this launch," which doesn't bode well -- although an imminent earnings call should provide further information.
Update: Execs on the earnings call refused to break down Z10 and Q10 shipments specifically, but did say that 40 percent of the 6.8 million reported shipments were BB 10 devices -- which adds up to a disappointing 2.7 million next-gen units.
Filed under: Cellphones, Mobile, Blackberry
Via: Crackberry
NVIDIA's balance sheet may not look as appealing as it did just a quarter ago, but the company nonetheless managed to beat the consensus expectations and its stock is now climbing in after-hours trading. Profit for NVIDIA's fiscal Q1 2014 rang in at $77.9 million, which is a 55 percent decrease from the previous quarter, but still 29 percent higher than what it netted in Q1 of last year. It's a similar story for revenue: the company reported sales of $954.7 million, down 13 percent from the previous quarter, but up slightly from Q1 2013. Even beyond beating Wall Street's expectations, NVIDIA is giving investors two other reasons to smile: the success of Kepler has led to record margins of 54.3 percent, and the company will return over $1 billion during the year by way of stock repurchases and dividend payments. As for where it's headed? NVIDIA is looking to return to growth as the year progresses, thanks to a little something called the Tegra 4.
Filed under: Gaming, Wireless, NVIDIA
Source: NVIDIA