BlackBerry shocked Wall Street with their fourth quarter numbers, as profits surged and the demand for the latest model, the Blackberry Z10, was much higher than anticipated.
Blackberry shipped a total of 6 million smartphones last quarter, including 1 million featuring the new Blackberry 10 operating system.
BlackBerry launched the Z10 touchscreen smartphone in the U.S. for AT&T last week, and the device is now also available for both T-Mobile and Verizon Wireless.
Shares of BlackBerry (BBRY) are up about three and a quarter percent today.
BlackBerry President and CEO Thorsten Heins says demand for the Blackberry Z10 has been “better than expected.”
Blackberry posted a quarterly profit of $98 million, or 19 cents per share, vs. a $125 million loss for during the same quarter last year.
Is the Blackberry officially back?
James Gilbert | Elite.