BlackBerry Loses Nearly $1 Billion In Quarter

wochit business
September 27, 2013 AT 6:50 AM
Facing an uncertain future and a highly conditional takeover bid, BlackBerry said that it lost $965 million on sales of $1.6 billion during its fiscal second quarter. The loss mainly reflected a $934 million write-down of a growing inventory of unwanted BlackBerry Z10 phones,