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.
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
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.
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.
Intel Corporation (INTC), the world’s largest manufacturer of semiconductors and one of the more stable companies in a volatile tech sector, announced first quarter earnings results for fiscal 2014 (1QFY14; ended March 29, 2014) yesterday after the closing bell.