BlackBerry maker RIM posts huge loss and cuts 5,000 jobs

Posted: June 28, 2012 in Uncategorized

Struggling to fend off competition from iPhone and Android, BlackBerry maker Research In Motion is hemorrhaging losses.

Despite pledges by its new CEO to focus more heavily on marketing and better products, RIM reported Thursday a fiscal first-quarter loss that was greater than expected by analysts and said it’ll cut 5,000 jobs.

The Canadian company will also delay releasing BlackBerry 10 — a new mobile operating system developed to compete with Apple’s iOS and Android — until later this year.

Sucks when you own a Blackberry and come up app short.


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