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RIM Delays Blackberry 10 Launch And Cuts 5,000 Jobs
 
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29-Jun-2012  
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Blackberry maker Research in Motion (RIM) has said it will delay the launch of its new phone operating system Blackberry 10 and is to cut 5,000 jobs.

The confirmation of job losses, which RIM had warned of last month, came as the firm reported a $518m (334m) net loss in the three months to 2 June.

That compared with a $695m profit in the same period a year earlier.

Analysts said the results were worse than expected and the Blackberry 10 delay spelt more bad news for RIM.

Revenue in the first quarter dropped 43% to $2.8bn as sales of its Blackberry smartphones fell sharply for a second straight quarter.
 
 
 
Source: BBC
 
 

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