RIM delays new BlackBerry launch; sales crumble

Research In Motion Ltd delayed the make-or-break launch of its next generation BlackBerry phones until next year, in a devastating setback to the once dominant technology company whose sales are crumbling.

Shares of the company, which also announced a steeper than expected quarterly operating loss and deep job cuts on Thursday, plunged 14% after it said it would release its revamped BlackBerry 10 devices early in 2013.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Tech News

‘Transmitting violence’: Livestream video’s dark side Premium
Crypto-loving S.Koreans bet on Luna rising from ashes, worrying regulator Premium
J.P.Morgan downgrades India's IT sector as pandemic boom fades Premium
Grubhub customers learn there’s no such thing as a free lunch after all Premium
Tencent signals tech crackdown will wind down only gradually Premium
US pries into over 100 trader and banker phones in texting probe Premium
Apple accused by union of illegal tactics at NYC store Premium
Analysis-Crypto crash leaves El Salvador with no easy exit from worsening crisis Premium
With Roe in doubt in the US, some fear tech surveillance of pregnancy Premium
Singapore to roll out biometric verification for travellers departing Changi Airport Premium

Others Also Read