BlackBerry scraps plan to bring BB10 to PlayBook in signal it will

BlackBerry scrapped plans to offer an operating system update for its PlayBook tablet on Friday, signalling that it will eventually clear the sales flop from its line of products entirely.[np_storybar title=”Live coverage of BlackBerry’s Q1 conference call as it happened” link=”″%5D [/np_storybar]Earlier this year, chief executive Thorsten Heins said an update to the PlayBook was on its way, though at the company’s recent conference in Florida, he pulled back on those guarantees before completely ruling them out.“Our teams have spent a great deal of time and energy looking at solutions that could move the BlackBerry 10 experience to PlayBook but unfortunately I am not satisfied with the level of performance and user experience and I made the difficult decision to stop these efforts and focus on our core hardware portfolio,” he said in the company’s first-quarter conference call Friday.BlackBerry generated a net loss of US$84-million, or 16¢ per diluted share, in the quarter after notching a US$94-million profit in the previous quarter. In the same quarter last year, BlackBerry posted a loss of US$510-million, or 97 cents per share diluted.Although BlackBerry reported revenue of US$3.1-billion, up 15% from the US$2.68-billion the company generated in the previous quarter, sales fell short of analyst expectations. Wall Street analysts had expected BlackBerry to report revenue of roughly US$3.4-billion, with earnings of about 8¢ per share, according to Bloomberg estimates.BlackBerry said it sold 6.8 million BlackBerry smartphones in the quarter, which also fell short of analyst estimates which anticipated sales of more than seven million units.With files from Matt Hartley, Financial Post

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