OTTAWA BlackBerry reported a $4.4 billion loss and a 56 percent drop in revenue for its fiscal third quarter on Friday and said it would step back from its once-core handset business through a partnership with the Asian contract manufacturer Foxconn. Nathan Denette/CP, via Associated Press
BlackBerry introduced the Z10 model earlier this year in Toronto. The company said it was stepping back from its handset business.
The company’s stock price over the last five years.
The dismal financial news followed the failure of BlackBerry to find a buyer for the company last month and the replacement of Thorsten Heins, the chief executive, with John S. Chen, the former chairman of Sybase. Mr. Chen has since fired several high-level executives at the company.
Read also:
BlackBerry reports $ 4.4 billion loss (USA TODAY)
How BlackBerry Went From World's Hottest Tech Company to a Punchline (TIME)
BlackBerry Still Bleeding, Posts $ 4.4 Billion Third Quarter Loss (Forbes)
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