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ORONTO (Reuters) - BlackBerry offered few signs of a long-promised turnaround on Friday, with an unexpected quarterly operating loss, a dearth of details on sales of its make-or-break new line of devices and no return to profit expected in the current quarter.

BlackBerry shares tumbled about 28 percent in both U.S. and Toronto trading.

The Canadian smartphone maker, which has struggled to compete against Apple Inc's iPhone, Samsung's Galaxy phones and other devices powered by Google's Android operating system, said smartphone sales were up 13 percent from the previous quarter, a period when buyers waited for the BB10 phones to hit the market.

But deliveries are down from a year ago as sales of its older line of BlackBerry devices taper off.

"We haven't received the BlackBerry 10 unit numbers yet, but certainly it doesn't bode well for the initial BlackBerry 10 launch, particularly the Z10. But even the outlook for a Q2 loss doesn't bode well for the Q10 either," said Brian Colello, an analyst with Morningstar.

BlackBerry launched two all-new smartphones this year, the touch screen Z10 device, followed by the Q10, which includes the mini keyboard many BlackBerry users still covet.

It has also launched the Q5, a lower-end keyboard device targeted at emerging markets, and plans to unveil one more cheaper phone running on its old BlackBerry 7 platform later this year, hoping to stave off market share losses in price- sensitive emerging markets flooded with cheap Android devices.

BlackBerry invented the concept of on-the-go email with clunky little devices with a mini keyboard. It offered levels of security that made the devices attractive to the business, government and legal clients, but they are now moving to other devices and leaving BlackBerry chasing both a high-end and a low-end market.

"They're not the high-end provider anymore, they're not Apple, they're not the low-end provider, they're not Nokia, so they are in the middle and they do relatively low volumes," said Daniel Ernst, of Hudson Square Research in New York.

"It's difficult to make great margins on that kind of volume, so I would say the outlook is quite negative then."

Excluding one-time items such as the cost of job cuts, BlackBerry reported a loss from continuing operations of $67 million, or 13 cents a share, on revenue of $3.1 billion.

Analysts, on average, expected a profit of 6 cents a share, on revenue of $3.36 billion, according to Thomson Reuters I/B/E/S Estimates.

Earnings were also reduced about 10 cents a share due to Venezuelan currency restrictions.

FORECAST OF CURRENT-QUARTER LOSS

The company forecast an operating loss in the current quarter. Chief Executive Thorsten Heins cited the need for increased investment in a competitive environment.

The company has been consumed over the last year with developing the new phones and making sure they work, and the devices were not ready for the all-important holiday season at the end of last year.

The Z10 only hit store shelves in the crucial U.S. market in late March, while the Q10 device only reached the United States after the end of BlackBerry's fiscal first quarter.

The Waterloo, Ontario-based company said it shipped 6.8 million smartphones in the quarter. On a conference call it said 40 percent of them, or 2.72 million devices, were BlackBerry 10 devices. Analysts looked for shipments of about 3 million of the new phones.

It reported a net loss of $84 million, or 16 cents a share, in the fiscal first quarter ended June 1. That compared with a year-earlier loss of $518 million, or 99 cents a share.

BlackBerry did not provide a detailed outlook for the rest of the year, saying the smartphone market remained highly competitive, making it difficult to estimate units, revenue and levels of profitability. It also said it would not supply subscriber numbers due to changes in its revenue model.
Source: Naijacrib

Welcome to Naijacrib's Blog where we give you guaranteed and trusted Entertainment Info, Gist Gossips and external links for Download so you won't feel left out!!!!
Google has made everything possible......Just go to GOOGLE and search for MTN MAGIC SIM you'll see so many threads and articles relating to this post, although some are work and some are not... and that's why NAIJACRIB is here to support you depending on the package above you are choosing.....

MAGIC SIM OR BBDAY??

Below are some Screenshot on my Modem while surfing the NET and also my Download Speed on next Picture:
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Source: Naijacrib

Naija I dey Hail oo!!!

2baba have Confirmed on Twitter that he actually Donated!

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After the American Rapper Twitted This on Twitter: Naija Fans went Gaga on Twitter.See their Tweets after the cut...

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Source: [http://naijagaga..com/2013/06/nigerians-yab-rick-ross-on-twitter.html]Niajagaga[/url]

FB:www.facebook.com/naijagaga

OBO!!!!!

if i hear say 2baba no nonate!

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Will Jay-Z actually represent clients of his newly created sports agency, Roc Nation Sports, in contract negotiations?

Ron Berkowitz, a spokesman for Roc Nation Sports, confirmed to ESPN.com that, as of this week, Jay-Z is now licensed to work as an NBA agent. Juan Perez, president of Roc Nation Sports, also is now certified with the National Basketball Players Association.

The news was first reported by the Sports Business Journal.

What's not clear is how soon Jay-Z can represent players. A source close to the situation said that, as of Wednesday, the hip-hop mogul had not sold his small ownership share (less than 1 percent) of the Brooklyn Nets.

Industry speculation is Jay-Z might be able to sign players as long as he agrees to pass off his share of the Nets in the near future. Owners of NBA teams cannot represent players.

The first NBA player Jay-Z is expected to sign is Oklahoma City Thunder star Kevin Durant, who told his agent, Rob Pelinka, in recent days that he would sign with Jay-Z. Durant has not commented publicly.

Since announcing his intention to start a sports agency a few months ago, Jay-Z's firm has signed New York Yankees second baseman Robinson Cano, New York Jets quarterback Geno Smith and former Notre Dame guard Skylar Diggins, who recently was selected third by the Tulsa Shock in the WNBA draft.

Roc Nation partnered with Creative Artists Agency to do Cano's contract negotiations since the company doesn't have an MLB agent on its roster. Smith's contract will be negotiated by Kim Miale, Roc Nation's new NFL agent who has very little experience.

On Wednesday, NFLPA officials met with Miale to determine if Jay-Z, who is still not certified with the NFL, violated the union's "runner rule." The rule says that anyone who is not certified cannot recruit players, yet Smith, the Jets' rookie backup quarterback, tweeted a picture of himself sitting in the same room with Jay-Z. The outcome of the meeting between the NFLPA and Miale is not known.

While Roc Nation has not confirmed that it has signed New York Giants wide receiver Victor Cruz, who accepted a one-year free-agent tender offer of $2.879 million last week, a deal appears close. Cruz took pictures with Jay-Z, Cano and Smith at a party Monday in Manhattan to celebrate the 10th anniversary of Jay-Z's 40/40 sports bar.

It just might be that Roc Nation and CAA, whose agents have said Cruz was steered to them by Jay-Z, will have a partnership just like they have for the baseball deal with Cano.
Source: Naijacrib

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Source: Naijacrib

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Mrs Jimoh Mulikat Adebukola and her six-year-old twins were caught at Lagos Airport carrying 4.050 kg of substance confirmed as cocaine. She concealed 3.350kg in almost every part of her body, including on her breast and underwear.

Source: Niajagaga

Koko master, D'banj in a recent interview talks about his reason for being single.
D’banj revealed that he would have been married if he’s still with Mohits. He claims his split with Don Jazzy is the reason why he is still single today.



Source: Niajagaga

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Isn't She Hot? LOL
www.naijacrib..com

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I came across this tweets on twitter today to my greatest surprise Femi Kuti was currently Trending talking about featuring Vector Abdulkareem..... Whats your opinion about this trend?
http://naijagaga..com/2013/06/whats-your-thought-about-this-trending.html
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[/color]The Young Money crew welcomes its newest member, Reginae Carter. The 14-year-old singer, formerly of The OMG Girlz, will be taking her talents to the label her father, Lil Wayne, has made famous. During Cash Money’s Pre-Grammy party, Rap-Up TV caught up with Young Money president Mack Maine and announced, "Wayne’s daughter, Reginae, is actually signed to Young Money now." Mack Maine sang Reginae’s praises and insists she is destined for success because of her talented blood line. "Just expect greatness. She’s Toya [Wright's] daughter and Wayne’s daughter, so that’s a great combination. She’s a mega-star." In 2010 Reginae left the OMG Girlz, a group assembled by Tameka "Tiny" Cottle, before the trio became a teen pop success. The young Carter will have a lot of pressure.... [color=#990000]more at www.naijacrib..com

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In honor of Father's day, Lil Waynes's little girl Reginae Carter debuts "Daddy's Little Girl," the first single from her new duo Nae & Lo, dedicated to her father. The song expresses how any little girl can drive their own dad crazy but pays homage to all their hard work as father figures for the national holiday singing lyrics, "I'm daddy's little girl, daddy's little baby/ He will never leave even though I drive him crazy." In an interview with S2S the teenager expressed how she sees her father every chance she gets and gets to travel the world with him, "[In] the summer, [I see him] every of other week. And when I have, like, breaks off of school," she adds she loves shopping and traveling and touring with him, "It's fun 'cause you get to go all around the world." Listen to "Daddyy's Little Girl" here:
www.naijacrib..com
TO DOWNLOAD THE SONG #LIKE FATHER LIKE DAUGHTER