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| - | Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.
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| - | 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.
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| - | Revenues fell to $4.2bn from $5.2bn.
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| - | The firm also suggested it would refocus on the corporate market rather than on individual consumers.
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| - | It also announced the resignation of former co-chief executive Jim Balsillie.
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| - | Chief technology officer David Yacht will also be standing down.
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| - | 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.
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| - | Shipments of BlackBerry smartphones in the quarter fell to 11.1 million, down 21% from the previous three-month period.
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| - | Shipments of the company's PlayBook tablets hit 500,000, largely due to substantial discounting.
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| - | For the full financial year, the company made a net profit of $1.2bn, down from $3.4bn in the previous year.
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| - | The results were worse than analysts had expected and RIM shares fell sharply in after-hours trading.
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| - | Corporate focus
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| - | 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.
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| - | It has also struggled to gain a foothold in the tablet market.
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Current revision as of 08:05, 30 July 2021
