New subscribers of 1+ million coupled with total subscriber loss of 4 million means that old subscribers have likely declined by more than 5 million. If this continues, service revenues would see a lot of decline in Q2 2014 and Q3. That would be really bad for Q2 and Q3.
Moreover, I am surprised that there is an operating loss of 34 cents per share. Not sure why there is such a huge loss... Low prices from carriers? High costs? Increased marketing expenses?
And the 2.7 million BB10 figure shows that traction is very low. The rumored A10 - I am now not sure will do any better, if and when it is introduced.
There is no turnaround in sight. My hopes have been dashed and I am out of owning this stock today. Oh well...
[BES10 secure work space may be the only hope left for this company - but, we don't know when and if any significant revenues can come from it. The quarterly results and the earnings call have cast a cloud of gloom on the entire company and its future. The valuation may not look bad at this point - but it would take nerves of steel to hold on after these results. All the analysts and commentators are shaking their heads on TV in apparent disbelief at the quality of the results.]
like it needs more nonsense bashing? lol. we all know channel fill is governed by inventory. they had to fill the inventory. they will roughly adjust build rate to keep inventory same. so of course your write off statement shows what a rude ignorant basher you are. duh duh tard.
In the conference call it is determined that 2.7M phones were sold. Thor's assessment last quarter from his own words were 65-75% sell through which means we are down to 1.7M phones per quarter in actual sales which means 585,000 per month.