Iâ€™ll admit it: Two years ago, I did not think BlackBerry would have still been in business by this time. It seems that I was wrong, however, because BlackBerry shares were up more than 10% in the wake of its third-quarter earnings report that it released on Friday. What was so satisfactory approximately this earnings report, you ask? Not only did BlackBerryâ€™s sales & EPS beat the consensus estimate yet it moreover pointed a way forward for the beleaguered smartphone pioneer.
MUST WATCH:Â â€˜Shatterproofâ€™ Motorola display put to the ultimate test, survives 900-foot drop
Hereâ€™s the truly absorbing piece of information that will be welcome news for BlackBerry diehards. As Re/code points out, BlackBerry finally thinks its gotten over the hump when it comes to losing money on hardware. The company says it has sold 700,000 smartphones on the quarter, which is a truly dreadful number considering that it sold 1.9 million in the same quarter last year.
However, the average sales price of every device BlackBerry sold rose from $240 to $318, which suggests that a huge chunk of its sales came from the high-end Android-based BlackBerry Priv. Additionally, BlackBerry CEO John Chen said that developing Android phones is much cheaper than making phones based on BlackBerry 10 because it not longer has to do all the work when it comes to building, updating & maintaining a mobile platform.
â€œMy first goal is to obtain us into a break-even position with the device business, because you really couldnâ€™t do anything strategically with a business that continues to lose money,â€ Chen explained during his companyâ€™s earnings call on Friday. â€œWeâ€™re in that ballpark now.â€
All told, this is terrific news for BlackBerry, although it does suggest the company will be making mostly Android phones in the future & few, if any, phones based on its own OS.
Related storiesBlackBerry CEO rips Apple's stance on privacy & encryptionBlackBerry's former CEO is being sued for allegedly wrecking yet another companyBlackBerry's second Android phone revealed in leaked photos
More from BGR: Boeing 777â€™s insane landing in a 75MPH windstorm is almost too unnerving to watch
This article was originally published on BGR.com
Handheld & Connected DevicesTechnology & ElectronicsBlackBerry