BlackBerry 10 delayed as RIM reports $518 million loss

Research In Motion posted a half-billion dollar loss last quarter, and the company will be pushing back the release of its newest BlackBerry handsets to the first quarter of next year. The company released its financial statement for the quarter ended June 2 today, showing the recent operating loss and forecasting continuing difficulties in the quarters to come. The troubled device manufacturer will continue workforce reductions in the near future as it struggles to return to profitability.

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RIM posted $2.8 billion in revenues this quarter, down 33 percent from the $4.2 billion it posted in the quarter previous. The $518 million GAAP net loss this quarter is the largest yet for the company, up from $125 million in the previous quarter. Year-over-year, the most recent figures represent a more than $1 billion reversal from the $695 million profit for the same quarter.

Would you like to know more? via electronista

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