BlackBerry on a "Sounder Financial Footing" Despite Enormous £3.5bn Loss

By Gary Cutlack on at

BlackBerry boss John Chen was surprisingly upbeat while revealing his company managed to lose £3.5bn last year, claiming that the most recent quarter was actually a little better than expected -- and hinting that bringing BBM to the desktop may be the next disaster-aversion therapy to come.

The financial data revealed that BlackBerry took a whacking great $934m (£561m) loss on unsold Z10 inventory, plus $512m (£307m) was blown on restructuring costs. Add to this the fact that fourth quarter revenues were lower than expected at $976m (£586m) and it's hard to see why Mr Chen is particularly positive about BB's future.

Still, there may be hope from the BBM corner, with Chen telling Reuters than the company is "...going to take a very serious look at putting BBM on the desktop," although that may well fall into the Too Little Too Late category. [BBC, Telegraph]