BlackBerry has posted an unexpectedly good third quarter earnings report. The company said it earned a profit of 2 cents per share, which was much better than the expected 1 cent per share loss. The company's revenue declined, but its transition away from smartphones to software helped the company achieve 70 percent profit margins, its highest ever. The company now earns more than half of its revenue from software.
“I don’t consider ourselves in a turnaround anymore,’’ said CEO John Chen. “We’ll make money this year. Nobody believed us in the beginning.’’
In addition, BlackBerry said it is negotiating licensing deals in China and India, which means that the mobile development industry could soon see its apps on BlackBerry devices in those countries.