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BlackBerry posts fresh losses, but sees upside

BlackBerry reported fresh losses Friday but offered some reasons for optimism as the smartphone maker struggles to escape from a death spiral. The Canadian firm reported a loss of $423 million in the fourth quarter of its 2014 fiscal year, as revenues sank. Revenues fell to $976 million in the fourth quarter -- down from $2.7 billion 12 months earlier. Sales of smartphones fell from 1.9 million to 1.3 million, the company said.

Toronto, Wall Street end the week higher as BlackBerry shares fall on earnings

TORONTO - The Toronto stock market closed sharply higher amid expectations that China will move to counter its economic slowdown, but an earnings report from Canadian smartphone maker BlackBerry Ltd. failed to inspire investors. The S BlackBerry CEO John Chen says he is focused on growing the struggling smartphone company and has no intention of moving its main operations outside Canada.

BlackBerry posts fresh losses, but sees upside

BlackBerry reported fresh losses Friday but offered some reasons for optimism as the smartphone maker struggles to escape from a death spiral. The Canadian firm reported a loss of $423 million in the fourth quarter of its 2014 fiscal year, as revenues sank. Revenues fell to $976 million in the fourth quarter -- down from $2.7 billion 12 months earlier. Sales of smartphones fell from 1.9 million to 1.3 million in the fourth quarter, the company said.

BlackBerry revenue falls below a $1 billion as company sells few new BlackBerrys

TORONTO - BlackBerry reported a steep drop in profit and revenue Friday as it transitions from a smartphone company to a software business under its new chief executive. Shares jumped 7 per cent in premarket trading as CEO John Chen cut expenses quicker than expected. The Canadian company lost $423 million, or 80 cents per share. Adjusted for one-time items, however, the company lost 8 cents per share, much better that the losses of 56 cents per share that Wall Street had expected, according to a poll by FactSet.

BlackBerry announces $423 million Q4 loss

The struggling smartphone maker BlackBerry made a loss of $423 million in the fourth quarter of its 2014 fiscal year, with revenues plummeting, the firm announced Friday. The company said revenues fell to $976 million in the fourth quarter -- down from $2.7 billion 12 months earlier. Sales of smartphones fell from 1.9 million to 1.3 million in the fourth quarter, the company said. mbr/adm/ric

BlackBerry revenue falls below a $1 billion as company sells few new BlackBerrys

BlackBerry reported a dive in profit and revenue as the company transitions itself from a smartphone company to a software business. The Canadian company said it lost $423 million, or 80 cents per share, on revenue of $976 million — down from $2.7 billion in revenue the fourth quarter last year. Analysts polled by FactSet expected a loss of 56 cents per share on revenue of $1.1 billion. Adjusted for one-time items, however, losses were only 8 cents, and shares spiked 7 per cent.

Samsung irked by early Galaxy S5 release in South Korea

Samsung voiced annoyance Thursday after South Korean telecoms operators released its latest smartphone ahead of schedule in order to dodge sales restrictions imposed by regulators. The world's biggest mobile phone maker had planned to release the Galaxy S5 -- first unveiled in February -- globally on April 11. But the South's top operator SK Telecom, along with smaller rivals KT and LG Uplus, started selling the phone on Thursday.

Global launch of Samsung's new smartphone upstaged by South Korea mobile carriers

SEOUL, South Korea - The global launch of Samsung's latest smartphone has been upstaged by South Korean mobile network companies. SK Telecom, South Korea's largest mobile carrier, said it will start selling the Galaxy S5 on Thursday, two weeks before the scheduled sales launch on April 11. Samsung said in a statement that it is "very puzzled" by SK Telecom's decision and is deciding how to respond. It said its schedule of overseas launches remains unchanged. Other mobile operators, KT Corp. and LG Uplus Corp., are following SK Telecom's move to release the phone early.

Samsung Galaxy S5 rollout moved forward in South Korea

SEOUL (Reuters) - South Korea's three mobile carriers have brought forward the launch of Samsung Electronics Co Ltd's flagship Galaxy S5 smartphone to Thursday, in a bid to cushion the blow from a sales suspension slapped on the operators. Regulators have banned SK Telecom Co Ltd, KT Corp and LG UPlus Corp from signing up new customers or replacing phones for some existing customers for various periods totaling 45 days between March 13 and May 19.

BlackBerry chief executive plans lawsuit in effort to stomp out product leaks

TORONTO - BlackBerry (TSX:BB) chief executive John Chen says he's fighting against future product leaks by taking "legal action" that he hopes will set an example. The head of the Waterloo, Ont.,-based smartphone company alleges that a person he did not name stole confidential details about a future BlackBerry product and leaked them to the public. He said the individual posed as an employee of a wireless carrier to gain access to BlackBerry's secured networks. From there, the information was taken.
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