BlackBerry Posts $4.4B Q3 Loss
Struggling smartphone maker BlackBerry posted a $4.4 billion loss for its third quarter that ended Nov. 30. It earned $1.2 billion in revenues, a 56 percent decrease from the $2.7 billion it earned in the same period last year.
The smartphone maker has shopped for a buyer, installed new management (multiple times), and continues to shift strategies to try to fight its way out of this downward spiral. It introduced 10 new smartphones earlier this year, but now says it will “drive greater focus on services and software,” such as the BBM messaging app.
Blackberry also said it had entered into a new five-year partnership with Chinese manufacturer Foxconn.
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