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BlackBerry Shares Plummet Following $1 Billion Loss and 4,500 Layoffs

DavidGilbert99 (2607235) writes | about 7 months ago


DavidGilbert99 (2607235) writes "BlackBerry has announced its financial results for the second quarter of 2013 ahead of schedule — and not because they are better than expected. The company has announced that it expects to record a $1 billion loss mostly due to a $930-$950 million write down on unsold Z10 smartphones. The upshot is that 40% of the company's global workforce — 4,500 jobs in total — will be lost. Shares plummeted over 17% following the announcement"
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