Losses widen at mobile company BlackBerry

26th June, 2016
4
BlackBerry has reported a net loss of $670 million for March-May 2016

BlackBerry has reported a net loss of $670 million for the three months to the end of May, marking a significant widening of its losses on the back of restructuring costs and asset write-downs.

“Our current plan calls for continued investments to expand our addressable markets and drive sustainable profitability and revenue growth.”

John Chen, executive chairman and chief executive, BlackBerry

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