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-	Two of the eurozone's biggest economies have fallen into recession, according to the latest economic figures.	+	Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.
-	Italy and the Netherlands both saw their economies shrink by 0.7% in the fourth quarter, the second consecutive quarter of economic contraction.	+	The Canadian company made a net loss for the three months to 3 March of $125m (�78m), compared with a profit of $934m a year earlier.
-	Germany had its first negative quarter since 2009 with a decline of 0.2%, compared with the previous quarter.	+	Revenues fell to $4.2bn from $5.2bn.
-	But in France there was surprise growth of 0.2% at the end of last year, attributed to healthy export growth.	+	The firm also suggested it would refocus on the corporate market rather than on individual consumers.
-	Overall the 17 nations that make up the eurozone saw economic activity shrink 0.3% in the fourth quarter. By comparison the United States reported growth of 0.7%.	+	It also announced the resignation of former co-chief executive Jim Balsillie.
-	Continue reading the main story	+
-	�Start Quote	+
-	Greece may be burning. Growth may be slowing. But the recognised German barometer of hope over fear shows far more Germans looking on the bright side than those down in the dumps�	+	Chief technology officer David Yacht will also be standing down.
-	End Quote	+	Shares in the company fell as much as 9% in after-hours trading following the trading statement. They have fallen by 80% over the past year.
-	image of Stephen Evans Stephen Evans BBC News, Berlin	+
-	* Germany: Reasons to be cheerful	+	Shipments of BlackBerry smartphones in the quarter fell to 11.1 million, down 21% from the previous three-month period.
-	The eurozone has not slipped into recession as it reported growth of 0.1% in the third quarter.	+	Shipments of the company's PlayBook tablets hit 500,000, largely due to substantial discounting.
-	'Better than feared'	+
-	For 2011 as a whole, the French economy grew by 1.7% and Germany 3%.	+	For the full financial year, the company made a net profit of $1.2bn, down from $3.4bn in the previous year.
-	Europe's debt crisis has already pushed Greece, Portugal and Belgium into recession, defined by two consecutive quarters of contraction.	+	The results were worse than analysts had expected and RIM shares fell sharply in after-hours trading.
		+	Corporate focus
-	Economists forecast that Germany is likely to avoid that scenario and say the latest growth figures could have been worse.	+	RIM has struggled to keep up with rivals in the smartphone market, such as Apple's iPhone and handsets running on Google's Android operating system.
-	"This is better than feared after retail sales and industrial production turned out badly in December. The decline is due to the euro crisis. It caused a drastic loss in confidence among companies and consumers." said Christian Schulz, an economist at Berenberg Bank.	+	It has also struggled to gain a foothold in the tablet market.
-		+
-	"Action from the ECB and the government has restored confidence. There is hope that we will emerge quickly from the economic dip. We expect growth again in the second quarter at the latest, provided that the euro crisis remains under control." he said.	+

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Revision as of 16:42, 30 January 2013

Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.

The Canadian company made a net loss for the three months to 3 March of $125m (�78m), compared with a profit of $934m a year earlier.

Revenues fell to $4.2bn from $5.2bn.

The firm also suggested it would refocus on the corporate market rather than on individual consumers.

It also announced the resignation of former co-chief executive Jim Balsillie.

Chief technology officer David Yacht will also be standing down.

Shares in the company fell as much as 9% in after-hours trading following the trading statement. They have fallen by 80% over the past year.

Shipments of BlackBerry smartphones in the quarter fell to 11.1 million, down 21% from the previous three-month period.

Shipments of the company's PlayBook tablets hit 500,000, largely due to substantial discounting.

For the full financial year, the company made a net profit of $1.2bn, down from $3.4bn in the previous year.

The results were worse than analysts had expected and RIM shares fell sharply in after-hours trading. Corporate focus

RIM has struggled to keep up with rivals in the smartphone market, such as Apple's iPhone and handsets running on Google's Android operating system.

It has also struggled to gain a foothold in the tablet market.