Washington: Struggling Canadian smartphone maker BlackBerry on Friday posted a whopping USD 4.4 billion loss in the third quarter ended November 30, hit hard by poor response to its mobile devices.
The company, which last month scrapped a plan to sell itself, had posted a profit in the same period a year ago. "GAAP loss from continuing operations for the quarter was USD 4.4 billion...This compares with a GAAP loss from continuing operations of USD 965 million in the prior quarter, and GAAP income from continuing operations of USD 14 million in the same quarter last year," BlackBerry said in a statement.
The loss during the reported quarter included a non-cash, pre-tax charge against long-lived assets of approximately USD 2.7 billion, another pre-tax charge against inventory and supply commitments of approximately USD 1.6 billion, and pre-tax restructuring, legal and financial advisory charges of approximately USD 266 million, it said.
The revenue of the company for the third quarter of fiscal 2014 was approximately USD 1.2 billion, down by 56 per cent, from USD 2.7 billion in the same quarter of fiscal 2013. During the third quarter, the company recognised hardware revenue on approximately 1.9 million BlackBerry smartphones compared to approximately 3.7 million BlackBerry smartphones in the previous quarter.
