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BlackBerry's Surprising Profit Doesn't Signal a Comeback

Blackberry CEO Thorsten Heins

Blackberry CEO Thorsten Heins Photograph by Scott Eells/Bloomberg

Today BlackBerry announced a surprising fourth-quarter profit of $98 million. A year earlier, the company lost $125 million over the same period.

The rare bit of good news for the Canadian tech giant comes at a crucial time for the company. Earlier this year, after a series of disheartening delays and setbacks, BlackBerry finally began rolling out its new BlackBerry 10 series of phones based on its all-important new mobile operating system—the success or failure of which is likely to determine the fate of the struggling company.