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Blackberry Picks Way To Black

Blackberry Picks Way To Black

The $28 million profit in BlackBerry’s fourth quarter came on the back of a patent sale and tax recovery. Apart from that, the company lost $106 million on an operating basis, and for the entire year, lost $304 million on revenue of $3.3 billion.

Despite the introduction of two new phones and a push by the company to sell software that allows businesses and governments to manage all of their employees’ mobile phones regardless of their brand, fourth-quarter revenue was $660 million, down from $793 million in the previous quarter.