Despite bringing in $3.1 billion in revenue during Q1, a 15 percent increase over the previous quarter, BlackBerry ended up losing $84 million during the quarter. Last quarter BlackBerry pulled in a profit of $94 million.
Q1 2014 marked the first time the BlackBerry Z10 device was available for a full quarter. Additionally, the full QWERTY-keyboard Q10 was available for a large portion of the quarter and was expected to help BlackBerry sales, appealing to its loyalists who count on the dedicated keyboard.
However, BlackBerry’s earnings release indicated the company shipped just 6.8 million handsets in the quarter. Later during an earnings call, the company announced that of those shipped phones, only 2.7 million were running BlackBerry 10 (the Q10 and Z10), the new OS that was supposed to revitalize the company.
BlackBerry refused to break down the numbers between the Q10 and Z10. However, in the first three weeks of availability, BlackBerry shipped out 1 million Z10 devices, leading some analysts to suggest up to 3 million would be shipped in the quarter. The numbers released today indicate that was not the case. It’s also worth noting the number of shipments does not indicate the number of sales, as some devices may still be sitting on store shelves or in stock rooms.