Blackberry expects around $950 million loss for this quarter

Blackberry is not in good shape. The company is laying-off 4,500 employee and the sales of mobile devices are not so good especially with the aggressive competition by Apple, Samsung and others for a piece of the mobile devices market share.

We knew that the company is in trouble, but the latest projections for the last quarter announced in a statement by Blackberry report an expected operating loss of $950 million to $995 million.

The company also reported that they have sold about 3,7 million smartphones in the second quarter. Most of are older phones. The company also stated a reduction of the phones they plan to offer:

“smartphone portfolio will transition from 6 devices to 4; focusing on enterprise and prosumer-centric devices, including 2 high-end devices and 2 entry-level devices.”

According to IDC, Blackberry now has about three percent market share. Blackberry share prices were down over 20 percent today after the company released its projections.

Tomislav Savov

Founder and Editor-in-Chief at RainmakerTom

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