BlackBerry Z10 sales hit 1 million in Q4 2012

BlackBerry announces it has sold one million of its new Z10 smartphones in Q4 2012.

In better than expected results BlackBerry said it made profits of $98 million in the last quarter of 2012, after posting a big loss for the same period last year.

The Z10 handset is seen as crucial to the future of BlackBerry, which has struggled to keep up with new Apple and Android phones.

BlackBerry Z10 has been on sale for a month in the UK, Canada and other markets.

The Z10 went on sale with little fanfare a week ago in the US, BlackBerry’s most important market.

BlackBerry reports 1 million Z10 sales, but the figures do not include US sales.

BlackBerry was previously called Research In Motion (RIM), but changed its name last year.

Analysts greeted the results cautiously, saying that it was too early to judge the success of the Z10 and its sister device the Q10.

Earlier in the week, BlackBerry shares were hit when two major US brokerages expressed disappointment with the US launch of the Z10.

In a note to its clients, Citigroup described BlackBerry launch as “a big disappointment”.

The BlackBerry results also showed the company lost three million users over the year. Its handsets are now used by 76 million people, down from 79 million 12 months ago.

In total, BlackBerry said it shipped a total of around six million handsets in the three months to early March.