Blackberry maker posts $125m loss

Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.

The Canadian company made a net loss for the three months to 3 March of $125m (£78m), compared with a profit of $934m a year earlier.

Revenues fell to $4.2bn from $5.2bn. The firm also suggested it would refocus on the corporate market rather than on individual consumers.

Read more: BBC News

Posted in: Blackberry, Business, Loss, RIM