There’s just no way to sugarcoat it: BlackBerry’s May quarter was a disaster. The company posted a surprise loss and shed 4 million subscribers despite the availability of both its new BlackBerry 10 flagship phones. BlackBerry shares have plummeted more than 25% since the smartphone maker’s report on Friday, and analyst downgrades are coming in one after the other. Wall Street may be jumping the gun a bit, however, as a new report from industry insiders suggests BlackBerry 10 sales are set to pick up in the second half of the year.
Unnamed sources inside BlackBerry’s supply chain have informed Digitimes that they expect BlackBerry’s business to improve in the second half of 2013. No specifics were provided in terms of new orders or anticipated shipment volumes, but the anonymous sources noted that the new BlackBerry Q5 is expected to “help BlackBerry recapture a portion of market share as well as swing back to profitability.”
BlackBerry shipped just 2.7 million BlackBerry 10 smartphones globally during its first fiscal quarter.