Q3 reportIMHO it’s less favor to see and hear the report figures.
Revenue is down to 793M from 1.2B
Devices is down to 1.9M from 2.1M
These are very trouble figures.
Mr. Chen was on the job for one year now not 3 months. He should worry and have a hard look at the marketing. They have a wonderful products but they don’t know how to sell these products.
What does it meant in term of devices?
Z3 did not sell well in the emerging markets ? what is the problem ?
Z10 , Q10, Z30 did not sell well either ? why out of stock keeps pop up some time here and there ?
What ever the reason is, I do have problem every time I see “out of stock” in BB website. Either they have problem with inventory or they fake it.
Another problem with Mr. Chen when he referred that BB phones is for business people. As an investor, BB spent million$ to come up a phone for everyone to buy not just one group of user. I Email BB in the summer to suggest that BB should target University students across Canada to sponsor 1000 gifted students. Let them choose Q10 or Z30 device and BB pays the monthly tab during 3 or 4 years program, of course there is limit and conditions in term of use.
Yes, Mr. Chen is ahead of making profit but I rather see a loss with the same revenue and device figures as last quarter.
JMO, it will be better figures next Q. if not …. we will be in big problem.
Cheers everyone and have a Happy Holidays and all the best for 2015. Happy New Year!!!