Friday, September 27, 2013

BlackBerry confirms second quarter loss

According to their report, BlackBerry has suffered a loss of $965mn, which is just under a billion dollars. This comes as no surprise considering the decline in sales for a long period. To cover up, BlackBerry is aiming at cutting 4500 jobs worldwide and has already agreed to be bought by consortium led Fairfax Financial, which turns out to be its largest shareholder.


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