BlackBerry Sold 3 Million Z10 and Q10 Units Last Quarter (BBRY)

long-awaited smartphones, the Z10 and Q10, may have sold no more than three million units during the first fiscal quarter.

The company sold a total of

during the sales period, which ended on May 31, 2013. Analysts had expected the firm to sell 7.5 million handsets. BlackBerry did not specify exactly which units were sold, causing many to speculate that the BB10 handsets are not performing well at retail. According to

, the Z10 and Q10 accounted for as much as 40 percent (anywhere from 2.5 million to three million units) of total BlackBerry handset sales. If true, this means that the majority of BlackBerry sales are going to older, less expensive models.

This is only the latest sign of trouble for the company formerly known as Research In Motion. Some analysts have tried to put a positive spin on BlackBerry's ongoing issues. One even suggested that the firm's decline could make it a

. That may be the case, but should investors hold their positions and hope for the best? The answer depends on which report investors choose to read.

Societe Generale is perhaps the only firm that is telling investors to

. Regardless, DigiTimes' supply chain sources remain optimistic. They believe that the Q5, the first entry-level BlackBerry 10 handset, will help the firm "recapture a portion of market share as well as swing back to profitability."