San Francisco (dpa) - Struggling smartphone maker Blackberry
reported weak first-quarter sales Friday despite introduction of the
Z10, a new model deemed crucial for the company's turnaround.
The Canadian-based smartphone pioneer said it shipped 6.8 million phones in the quarter, down 1 million from a year earlier, sending its shares down 29 percent on Friday's trading.
Revenue was up 9 percent to $3.1 billion, helping Blackberry cut its losses to $84 million from $510 million a year ago.
Blackberry launched two all-new smartphones this year, the touchscreen Z10 device, followed by the Q10, with a mini keyboard favored by many Blackberry users.
Chief executive Thorsten Heins said those figures showed the company was on the right track, and that the road to recovery was a marathon not a sprint.
"We are still in the early stages of this launch, but already the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions," Heins said.
Hit by the success of phones running rival operating systems from Apple and Samsung, Blackberry still has a loyal customer base among business users and in developing countries.
Most Popular Stories
- 2015 Mazda MX-5 Miata Is Fast and Eager
- Tablets, Cars Drive AT&T Gains
- Tech Firms Flock to LA's 'Silicon Beach'
- Small Businesses Add 3 More Worries to Their List
- Apple Warns of China iCloud Attack
- Job Hunting Is Hard Work
- DOMA Tech Adding Jobs to Process VA Claims
- Ford, GM Expect to Report Strong Profits
- Consumer Prices Edge Up, Surprising Economists
- Stocks Subdued After Gains Earlier in Week