Ottawa - Embattled Canada-based mobile maker Research In Motion (RIM) has delayed the launch of a new BlackBerry phone.
The company said that the 'BlackBerry 10' phone, which will be equipped with new features, would now come out next year rather than later this year.
According to The Telegraph, the firm also announced yesterday that it would slash 5,000 jobs.
That is almost a third of the employees at a company that made its name and fortune selling BlackBerry devices to executives, lawyers and bankers who wanted to check their email on the move.
RIM's dominance has crumbled in the face of competition from Apple's iPhone as well as devices that use Google's Android operating system.
According to the paper, the firm's first quarter loss of 518 million dollars was five times bigger than analysts had forecasted, as sales slumped by more than 30 percent to 2.8 billion dollars.
| Other Articles: |
 |
Sensex at 2 month high on EU hopes, GAAR clarifications (29th Jun, 2012) |
|
USA-India business award for US researcher (29th Jun, 2012) |
|
Brazil unveils $57 bn agricultural loan programme (29th Jun, 2012) |
|
Latin American firm gains control of Dutch telecom (29th Jun, 2012) |
|
UP plans cricket academy, stadium in Lucknow (29th Jun, 2012) |
|
UAE emirate to upgrade oil storage capacity (29th Jun, 2012) |
|
US stocks open lower (29th Jun, 2012) |
|
Key panel clears way for home buyers in Noida Extension (29th Jun, 2012) |
|
HDFC Standard Life Insurance fined Rs.1.47 crore (29th Jun, 2012) |
|
Petrol to be cheaper by Rs.2.46 a litre (29th Jun, 2012) |
|
Gurgaon to have 16-lane super specialty corridor (29th Jun, 2012) |
|
India's financial system robust, but risks remain: RBI (29th Jun, 2012) |
|
Petrol prices to be cut by Rs.2.46 a litre (29th Jun, 2012) |
|
Petrol prices to be cut by Rs.2.46 per litre (29th Jun, 2012) |
|
Proposed petrol prices in top cities (29th Jun, 2012) |
|
Birla Corp. mulling cement plant in Ethiopia (29th Jun, 2012) |
|
Anand Sharma to lead business team to Afghanistan (29th Jun, 2012) |
|
Tata Motors halts production at Jamshedpur plant (29th Jun, 2012) |
|
Vedanta sells 3,000 tonnes aluminium at premium (28th Jun, 2012) |
|
Afghanistan woos Indian investors assuring high returns (28th Jun, 2012) |
|
China's radio, film and TV industries generate 46 bln dollars in 2011 (28th Jun, 2012) |
|
Sensex closes flat on derivatives expiry, weak European cues (28th Jun, 2012) |
|
Gazprom offers gas price discounts to EU firms (28th Jun, 2012) |
|
Accord in talks for acquiring a Swiss hotel (28th Jun, 2012) |
|
SBI cuts interest rate for exporters by 0.5 p.c. (28th Jun, 2012) |
|
Jobs |
Blog |
Yellow Pages |
Games |
Jokes |
Chat |
e-Cards |
Astrology |
Articles |
Recipes |
Send Gifts
Today : Wednesday - May 22, 2013, 05:30pm (GMT+5.5)
