Blackberry records $4.4 billion loss, sacks three top-ranking officials
Troubled Canadian phone maker Blackberry is still undergoing internal changes in it’s bid to turn around it’s dwindling fortunes. But not before a $4.4 billion figure that was put up in red as the company’s loss for the 3rd Quarter of the 2013 fiscal year.
Inside the $4.4 billion negative is a $2.7 billion loss resulting from unsold BlackBerry 10 devices. BlackBerry shares lost $8.37 in value during the quarter, making sure the disaster was way beyond what analysts had predicted.
Blackberry also bid goodbye to three of it’s executives. In a bid to turn things around drastically, Rick Costanzo, executive vice-president of global sales, Chris Wormald, vice-president of strategic alliances and director of global public policies, Mark Cameron were relieved of their duties at BlackBerry.
BlackBerry also announced that come next year, they will begin outsourcing production to Foxconn, like Apple does. This will help the company marginalize profit on (sold) devices.
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