BlackBerry announced their results of the Q1 2014 earnings. BlackBerry lost 4 million subscribers and their gross margin is down to 34% from 40%.

While not included in the official press release, BlackBerry briefly mentioned on the earnings call that only a mere 2.7 million BlackBerry 10 devices shipped last quarter.

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This is significantly lower than expectations from analysts. Overall, BlackBerry shipped 6.8 million smartphones, with most of them being from emerging market segment. This is likely the reason the company will rollout an additional BlackBerry 7 device in 2013.