BlackBerry's Blues Continue to Mount With Eye-Watering £600m Loss for Q2

By Gerald Lynch on at

Poor old BlackBerry. You just want to take CEO Thorsten Heins down the pub, grab him a pint and tell him everything's going to be alright. Which would obviously be a massive lie, as the company has just announced it lost a staggering $965 million (£600 million) over the last 90 days.

3.7 million BlackBerry devices were sold over the whole of Q2, which pales in comparison to the nine million iPhone 5C and 5S sales Apple managed in a single weekend. Adding insult to injury, most of those BlackBerry sales were for ageing BlackBerry 7 devices, rather than the company's newest BB10 handsets.

"We are very disappointed with our operational and financial results this quarter and have announced a series of major changes to address the competitive hardware environment and our cost structure," said Heins, who has done an admirable job of putting a brave face on the dire situation over the past few months.

"[...]We understand how some of the activities we are going through create uncertainty, but we remain a financially strong company with $2.6 billion in cash and no debt. We are focused on our targeted markets, and are committed to completing our transition quickly in order to establish a more focused and efficient company."

That rumoured possible sale probably can't come quickly enough now.