BlackBerry seems to be having some trouble getting consumers to move across to the BlackBerry 10 operating system.
In fact, of the 3.4 million phones the company sold in the fiscal fourth quarter of last year, only 1.1 million were BB10. The company even committed to keeping the, inking a deal with a new manufacturer to continue producing the iconic handsets.
It may well prove to be an excellent idea for the company. BlackBerry had a fourth-quarter loss of US$423 million, with revenue falling 64 per cent to US$976 million.
Interestingly, analysts were forecasting a greater loss for the embattled smartphone maker, so BlackBerry shares were actually up a little in pre-market trading over the weekend.
However, CEO John Chen remains bullish about BlackBerry's future, saying the company will be cash flow positive for the next four quarters and profitable by fiscal 2016.
Previously he's shown off the two next handsets coming soon, theand keyboard-enabled Q20. The company is also and QNX software business. BBM, Chen noted, still has 85 million active monthly users.