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BlackBerry reports deep loss, revenue drop

World News

27-09-2013 | 07:36

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BlackBerry reports deep loss, revenue drop

BlackBerry Ltd reported a huge quarterly loss on Friday, days after accepting its largest shareholder's tentative $4.7 billion bid to take it out of the public eye.

BlackBerry, which had warned of the loss, said its net loss for the second quarter was $965 million, or $1.84 a share, on sharply reduced revenue of $1.6 billion. The loss included a pretax non-cash charge against inventory and supply commitments of about $934 million.

REUTERS

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