2014-02-04 17:27
Author: Peter Barycki
Not only BlackBerry board, but independent experts seem to be more willing to agree with the fact that the Canadian company is able to not only survive the next few months, but eventually start making money again.
the last quarters manufacturer of smartphones and tablets even generate losses of more than $ 4 billion, of which the majority were caused by a lack of interest in new smartphones, which were to change the situation BlackBerry mobile market. Much of the spending was also associated with the ongoing reorganization of the company for several months.
One of the elements, which pays special attention to Todd Coupland from CIBC World Markets after meeting with CFO BlackBerry, James Yershem is that the expiry of the end of this year, the obligations arising out of the use of intellectual property of other companies. Those liabilities, mainly related to the production of smartphones will be after this period much lower, mainly due to the decreased production of mobile devices with the logo of BB. So far, these costs amounted to about a billion dollars a year.
BlackBerry is also in the near future to seek new ways to gain or increase their revenues from licensing it holds thousands of patents. Only in the last year, Canadians have received approval for 1,334 new applications.
financial year 2014 with BlackBerry ends … the first day of March 2014 (calendar), and the results of the last quarter will be announced less than four weeks later. Back to the favorable balance is expected to begin in the last quarter of the financial year 2015, roughly a year.
via: FP
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