“Blackberry has reported a second quarter net loss of $965 million following a slump in sales,” BBC News reports. “It also announced 4,500 job cuts in a bid to stem those losses. Earlier this week Blackberry agreed to be bought by a consortium led by Fairfax Financial, its biggest shareholder, for $4.7 billion.”
“The company’s financial problems came to a head this year following disappointing sales of its new Z10 smartphone. Sales were so poor that Blackberry had to write off $934m in the second quarter to account for the weakness,” The Beeb reports. “The firm reported total sales of $1.6bn compared with $3.1bn in the same quarter of 2012, a near 50% fall.”
The Beeb reports, “In the second quarter, Blackberry said it sold 3.7 million Blackberry smartphones. That compares with 7.4 million shipments in the same period of 2012. To put that into perspective, Apple sold nine million of its new iPhone 5S and 5C models on the opening weekend of sales.”
Read more in the full article here.
MacDailyNews Take: Thanks to The Beeb’s boot to beleaguered, destroyed BlackBerry’s face there at the end, we’ll just leave it at that.
[Thanks to MacDailyNews Reader “Alan Watson Featherstone” for the heads up.]
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