BlackBerry is on the rebound after returning to profit and revealing healthy demand for its first smartphone, with a million of its Z10 handsets shipped in their first month on sale.
Founder Mike Lazaridis took the opportunity to retire on the relative high of the embattled phonemaker's better-than-expected annual results, announcing he would be step down as vice-chairman and leave the board of directors on 1 May.
After successive rounds of job cuts, BlackBerry posted a $98m (£82.9m) net profit for the final quarter of its financial year, up from $9m the previous quarter and a loss of $125m in the same period a year ago.However, the number of subscribers to BlackBerry's network – users pay a fee for services and access to the company's secure data pipes – fell faster than expected, from 79 million last quarter to 76 million.
BlackBerry is expected to produce further BB10 models this year, including a version with both touchscreen and physical keyboard called the Q10 in April.
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