BlackBerry balances the books: losses go 1000% down, but revenue drops below $1 billion

The hard times for BlackBerry continue, yet there seems to be light at the end of the tunnel. The still-struggling Canadian manufacturer just released its financial report for the last quarter of the fiscal year that ended March 1, 2014. Surprisingly, things are not as bad as it was expected.



The Waterloo-based manufacturer reported that its overall revenue for Q4 dropped 18% and was slightly below the psychological barrier of $1 billion - BlackBerry's earnings fell to $976 million, an enormous 64% drop in comparison with the last quarter of the fiscal 2013. Device sales account for about ...