TORONTO (Reuters) - Research In Motion Ltd posted a fiscal first-quarter net loss on Thursday and said it would cut 5,000 jobs as its BlackBerry smartphone shipments fell sharply for a second straight quarter.
BlackBerry maker Research In Motion said Thursday it swung to a loss in its most recent quarter, in disappointing first results for the struggling device maker under its new chief executive.The Waterloo, Ontario firm posted a net loss of $125 million for its fiscal fourth quarter to March 3, compared with a profit of $418 million a year earlier.That dragged down the full fiscal 2012 profit to $1.16 billion, down sharply from $3.4 billion a year earlier as RIM battled against Apple's iPhones and iPads and an onslaught of Android-powered devices.
TORONTO (Reuters) - Research In Motion said on Thursday several senior executives resigned as the BlackBerry maker posted a quarterly loss, stung by slipping smartphone shipments and limited deliveries of its poor-selling PlayBook tablet.
BlackBerry maker Research in Motion Ltd. 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.» E-Mail This » Add to Del.icio.us
In HTC Corp.’s unaudited earnings for the first quarter of 2014 (1QFY14), it has missed analysts’ estimates as it recorded its second loss in three quarters. The smartphone maker generated US$1.1 billion in revenues, and posted NT$1.88 billion ($62 million) in losses. On average, analysts were expecting $1.18 billion in revenues, and losses of NT$1.7 billion. The company's revenues fell 22% year-over-year, and it posted quarterly losses whereas it had posted a profit in the same quarter last year.
(WASHINGTON) — The U.S. Postal Service lost $1.3 billion in the final three months of last year despite a blizzard of campaign advertising for the fall political elections and a big holiday mail and shipping season. The loss announced Friday was far less than the $3.3 billion in the comparable quarter the previous fiscal year, but still showed the effects of a continued decline in first-class mailing as customers continue to flock to the Internet for emailing, bill paying and the like.