BlackBerry turns a profit!

BlackBerry turns a profit!

BlackBerry has been trying to dig itself out of its hole for quite some time now. No matter how many different approaches they take, they just can’t seem to get a hold of the market again. This is why today’s news probably comes as a ray of light from the heavens above… at least to BlackBerry and its followers. The company has turned a profit last quarter!

To be exact, BlackBerry reported a profit of $28 million (an extra $0.05 per share). This raises its shares by 3%, which is not huge, but a significant victory considering they have been doing nothing but spiral down the past years. Now, this doesn’t mean BlackBerry is selling more phones. In fact, revenue lowered to $660 million over the same quarter, last year, which accounted to $976 million.

Opinion: In short, this pretty much means BlackBerry did well reducing costs. It’s still a victory, but not a full one. Now I have to wonder if they can convince people to buy theBlackBerry Classic and Passport this year. I actually just got the Classic for review; soon I will tell you if it’s worth your cash.