Blackberry's Q4 losses lower than market expectations

Blackberry's fourth quarter results show that the company has reportedly incurred loss smaller than what analysts had predicted.

While Blackberry's shares plummeted by 6.63% in pre-market trading, the company's revenue dropped to 2.7 billion dollars from 3.2 billion dollars, taking a toll on the company's cash position.

According to Tech Crunch, Blackberry saw revenue drop from 64% from 2013 levels to 976 million dollars and this 423 million dollars loss is chump change compared to the 4.4-billion dollars loss reported during the previous quarter.

Meanwhile, Blackberry reportedly sold 3.4 million handsets to customers with only 1.1 million being BlackBerry 10 devices.