BlackBerry Reports 43 Percent Year-over-Year Organic Growth in Software … | Business News

BlackBerry Reports 43 Percent Year-over-Year Organic Growth in Software …

23 Dec 2015 | Author: | No comments yet »

BlackBerry Earnings: What to Watch.

The company’s net loss was US$89 million or 17 cents per share under standard accounting rules. BlackBerry Corp. reported a narrower third-quarter loss than analysts estimated as software revenue kicked in from its acquisition of Good Technology Corp.TORONTO — BlackBerry’s quarterly earnings report on Friday may offer a first official glimpse of sales for the Priv, the company’s first Android powered smartphone. Reviews of the high-end handset, which features both a virtual and slide-out physical keyboard, have been largely positive and BlackBerry shares spiked last week on reports that the device sold out at Best Buy and Walmart locations in the U.S.

We are aiming to capitalise on our strength [security, privacy and productivity] with this device — Priv,” Mike Al Mefleh, senior director for product management and services at BlackBerry Middle East, North Africa and Turkey, told Gulf News. With a sleek body, physical keyboard and some outstanding specs, the Priv might just be what Research In Motion (RIM) needs to stay alive in this brutal, cut-throat world of smartphones and technology.

The BlackBerry 10 OS runs an Android app player and features an Android app store, while BES (BlackBerry Enterprise Server) and BlackBerry security apps support a wide range of Android endpoints. “Priv is the next thing for BlackBerry and an opportunity to support and serve the underserved market that has not been addressed. He also says the new Priv device — the first BlackBerry to use the Android operating system — has been well received since it was launched in November, late in the company’s third quarter. The financial results from third quarter ended Nov. 28 will be the first to reflect a contribution from the Priv, with BlackBerry expected to record revenue on 900,000 handsets in the period, up from 800,000 over the previous three months.

BlackBerry is sprinting towards a goal of $500-million in annual software revenue by March 2016, a key part of Chief Executive Officer John Chen’s plan to transition the company away from relying on shrinking handset sales. Here are a few things to watch: EARNINGS FORECAST: Analysts expect the company to report a loss of 14 cents a share in the fiscal third quarter, compared with a 1 cent operating profit a year earlier, according to a Thomson Reuters poll. CEO John Chen has said that BlackBerry can break even on hardware with as few as three million annual smartphone sales, particularly if the Priv lifts the Waterloo-based company’s average selling price. But Blackberry curved out the display to the sides and used one of the thinnest bezels in the market to give it the look and feel of being a much thinner phone than it actually is. The Priv gives BlackBerry users access to a variety of apps — through Google Play — lacking on devices running the company’s in-house BB10 operating platform while still offering features popular with loyalists, including privacy protections and a QWERTY keyboard.

The 5.4-inch dual-curve AMOLED display, similar to Samsung S6 Edge, with a resolution of 2560×1440 (540 pixels per inch density) is powered by a 1.8GHz 64-bit hexa-core Qualcomm Snapdragon 808 processor, coupled with 3GB RAM and 32GB of storage. RBC analyst Mark Sue said the Priv launch combined with BlackBerry’s November acquisition of mobile security software provider Good Technology Corp. marks “the furthest progress” BlackBerry has made on its turnaround plan, which aims for less reliance on hardware and greater software sales. “We’re looking for $98M (US) software revenue 3Q, up from $74M 2Q and growth in IP licensing and enterprise software; one month earlier close of the Good acquisition implies another $13M software revenue 3Q, ” Sue wrote in a report. It has a 5.43-inch plastic AMOLED display with a 2,560×1,440 resolution and a 540 PPI screen, which should have sufficed but doesn’t offer the crispness of the LG G4 or Samsung Note 5. Product release delays, a lack of consumer-centric apps and competition from Android and Apple have contributed to a plunge in BlackBerry hardware sales in the last three years, with the former smartphone leader accounting for less than one per cent of global market share.

—PRIV IMPACT: The Priv is meant to stand out among competing Android phones in part because it incorporates BlackBerry’s encryption technology, still considered the gold standard for mobile security by many governments and companies. It houses a 2MP front camera and an 18MP rear camera with a Schneider-Kreuznach lens, optical image stabilisation and capable of recording 4K UHD videos up to 30 frames per second. Helped by lower operating costs, BlackBerry is expected to deliver an 11-cent per share loss in the quarter, marking an improvement from a 13 cent loss recorded in the second quarter. BlackBerry does not” flood the market” with devices but “we bring the right product for the right segment to ensure we have a value and differentiation.

He said the target audience is the high-end Blackberry users who want more apps and the existing Android users who like the ecosystem and want more security, productivity and privacy. For added security, Al Mefleh said the device comes with DTEK app which monitors and reports on application access to apps, enabling users to be confident that their personal data is being kept private. We don’t usually expect much from a first-generation product and aren’t saying that Blackberry doesn’t have to improve but yes Blackberry has done a great job with the Priv.

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