An article in the Wall Street Journal discussed the financial results for BlackBerry, the smartphone and software

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An article in the Wall Street Journal discussed the financial results for BlackBerry, the smartphone and software company: "Revenue tumbled 32% from a year earlier to $658 million in the quarter ended May 30 from $966 million a year earlier... . BlackBerry posted profit of $68 million ... up from $23 million a year earlier." How is it possible for BlackBerry's revenue to decrease but its profit to increase? Doesn't BlackBerry have to maximize its revenue to maximize its profit? Briefly explain.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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