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View Full Version : BlackBerry sales fall, losses pile up



Wireless News
06-23-2016, 11:35 AM
http://l.yimg.com/bt/api/res/1.2/Tp_SF4tjC_klntwiI33ddA--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en_us/News/afp.com/Part-GTY-136791007-1-1-0.jpg (http://news.yahoo.com/blackberry-sales-fall-losses-pile-152048525.html)Blackberry continued bleeding red in the three months ending May 31, extending a two-year losing streak as the Canadian smartphone maker restructures, according to quarterly financials filed Thursday. The Waterloo, Ontario-based company posted a loss of US$670 million while revenues plunged to US$424 million -- about two-thirds of last year's take during the same period and below analysts' estimates. Excluding hefty asset writedowns and restructuring charges, however, BlackBerry broke even in the fiscal 2017 first quarter.



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