blackberry posts us$670m net loss for q1 - touch screen keyboard

WATERLOO, Ont. —
BlackBerry CEO John Chen wants to bring more to the company's hardware business --
It needs a boost by licensing its mobile software to other companies.
At present, there is no income from the efforts started last month.
But he has been working with some handset makers and set-
Set-top box operators who are interested.
"This hasn't been confirmed yet," Chen said at a press conference after the company released revenue for the first quarter of fiscal 2017, "anything is possible.
He added that if the right agreement is reached, he also has no objection to licensing BlackBerry's security software. The self-
Announcing "the company's turnaround guy," he said he expected BlackBerry to break even or make a slight profit in its new mobile solution segment, including equipment and software licensing sales, in the third quarter ending November. 30, 2016.
Chen said that making the sector profitable this fiscal year is one of the company's top goals.
It's too early to predict software revenue.
Authorized companies can gain, Chen said, so in order to achieve this by the end of November, BlackBerry must also ensure the profitability of its equipment.
The company's latest Android phone
Priv moves slower than expected.
BlackBerry first quarter
Second full quarter including Priv sales
The smartphone sector generated $0. 152 billion in revenue and $21 in revenue.
Million operational losses
Chen promised that losses will be significantly reduced in the next quarter.
He said the company sold about 500,000 devices at an average price of $290 per unit, down about 100,000 smartphones from the previous quarter, down about 200,000 from the previous two quarters
BlackBerry had previously said it needed to sell about 3 million phones at an average price of $300 per unit to break even, but Chen said, as the software licensing business begins to contribute to revenue
It turns out, Chen said, except for top-
Level supervisor
The company plans to release two mid-rangerange, Android-
Before the end of February of this fiscal year, mobile phone power supply.
2017, he said.
More information about the phone is expected next month, but Chen said the phone is only a touch screen, not a traditional BlackBerry keyboard.
The company is trying to enter the market in a more innovative way.
It is currently hosting a popular music.
Opening a shop in New York, Chen said he would consider more people around the world if the test was successful.
"I really, really believe that we can make money from our equipment business," he said in a conference call with analysts on Thursday morning . ".
Chen had previously said that the company would stop producing smartphones if the smartphone business was still unaffordable.
While he says he doesn't believe this is necessary, the software licensing program can help make the transition smoother if the time is right.
BlackBerry reported a net loss of $0. 67 billion in the first quarter of the 2017 fiscal year, but said the recovery plan for this year is still on track.
BlackBerry began reporting revenue from three major market segments this quarter, showing operating profits for its other two businesses: software and services revenue of $37 million and service usage revenue of $78 million.
The company said it plans to increase software and service revenue by 30% and reported an adjusted loss of 15 cents per share
Estimate with analysts 33-cent loss —
This fiscal year.
BlackBerry lost $1 this quarter.
$28 per share, including $501
Among other things, a million write-down of smartphone company assets and a $23 million restructuring fee.
Excluding write-downs, restructuring, and some other projects, BlackBerry has almost adjusted its loss balance for $1 million --
Better than analysts estimate.
However, according to the accepted accounting principles, the income is lower than the analyst's estimate of $0. 4 billion, or $0. 424 billion under certain adjustments.