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BlackBerry maker Research in Motion Ltd. revealed Thursday that its business is crumbling ever faster. The Canadian company posted worse results for its latest quarter than analysts had expected. It�s cutting 5,000 jobs and delaying the launch of its new phone operating system, BlackBerry 10, on which it�s pinning its hope for a comeback. The first phone with BlackBerry 10 was expected later this year. It will now ship in the first quarter of next year, CEO Thorsten Heins said. The jobs cuts are part of a previously announced initiative to cut $1 billion in annual costs this year. They represent about a quarter of RIM�s work force. RIM shares plunged $1.66, or 18 percent, to $7.47 in extended trading, after the release of the results. If they hold that level into regular trading Friday, they will set a new nine-year low. RIM lost $518 million, or 99 cents a share, in its fiscal first quarter, which ended June 2. This compares with a profit of $695 million, or $1.33 per share, a year ago. Excluding impairment charges, the latest loss was 37 cents per share. Analysts polled by FactSet were expecting a loss of 3 cents. Revenue fell 43 percent to $2.8 billion, well below analyst expectations at $3.1 billion.