09-20-2013 05:33 PM
Discussed in the next one...
News story BBC
Blackberry has announced it is planning to cut 4,500 jobs, or 40% of its worldwide workforce, in an attempt to staunch huge losses.
The smartphone maker said it anticipated a loss of as much as $995m (£621m) when it reports its second-quarter earnings next week.
Shares in the firm plummeted 20% after briefly being halted following the announcement.
In August, the Canadian company said it was evaluating a possible sale.
In a statement on Friday, Blackberry's chief executive Thorstein Heins said: "We are implementing the difficult, but necessary operational changes announced today to address our position in a maturing and more competitive industry, and to drive the company toward profitability."
"Going forward, we plan to refocus our offering on our end-to-end solution of hardware, software and services for enterprises and the productive, professional end user."
The company said the losses were primarily attributable to disappointing sales of its new Z10 model smartphone.
Released last year to much fanfare after many delays, the phone has failed to enthuse consumers.
In June, Mr Heins said that the company had shipped only 2.7 million Z10 phones out of 6.8 million total. Many Blackberry users had instead opted to stick with earlier models of the smartphone.
"The company has sailed off a cliff," BGC technology analyst Colin Gillis told the BBC.
"This is the quarter where Blackberry as you used to know it is no longer."
This week, the company released a new version of its handset, the Z30, which was praised by observers but was nonetheless overshadowed by Apple's launch of its new smartphone products.
"It's not a bad phone," said Mr Gillis.
"I'm sure they'll sell at least one."
09-20-2013 06:41 PM
And posting three new threads just now with the gloom and doom news doesn't really help any.
All that news can be gotten from the lamestream media and all the other forum sites.
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