Back in Black: BlackBerry makes its Journey toward Back Toward Profitability
Just a few days after releasing the availability of its long-awaited BlackBerry 10 device here in the U.S., BlackBerry President and CEO Thorsten Heins said today that his company has returned to profitability.
Heins made the announcment this morning on the company’s year-end results call for the quarter that ended March 2. In the face of numerous challenges, BlackBerry has gone from a significant operating loss in the first quarter of the year to an operating profit in the fourth quarter. According to the smartphone maker, it has an exciting new mobile computing platform, is profitable and has a healthy balance sheet.