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BlackBerry Sold 5.9M Devices In Q2-FY14; $277M APAC Revenues, $934M Z10 Writedown

As expected, Canadian handset maker BlackBerry has reported a net loss of $965 million for the quarter ending August 31, 2013, a significant increase from $235 million loss in the same quarter last year and $84 million loss in the previous quarter. This was primarily due to a $934 million writedown for unsold BlackBerry Z10 inventory, its first smartphone running on BlackBerry 10 operating system which was introduced earlier this year. Operating Highlights - BlackBerry sold 5.9 million smartphones to end customers, although it recognized revenue from only 3.7 million smartphones. This includes the shipments made prior to the quarter. The company said most of the units recognized were older BlackBerry 7 smartphones since certain BlackBerry 10 devices which were shipped during the quarter, will not be recognized until it is sold through to end customers. - Hardware sales contribution:  The contribution of hardware sales to BlackBerry's revenues has declined to 49% for the quarter, down from 60% in the same quarter last year and 71% in the previous quarter. - Services Contribution: On the other hand, the company said it is witnessing a significant increase in BlackBerry Enterprise Service 10 (BES 10) with more than 25,000 commercial and test servers installed to date, up from 19,000 servers in July 2013. - The contribution of services to BlackBerry's revenues has also increased to 46% for the quarter, up from 35% in the same quarter last year and 26% in the previous quarter. - The contribution of software and other revenue has increased year-on-year to 5%, up…

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