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RIM posts larger-than-expected loss, shares plunge

TORONTO (AP) — Shares of BlackBerry maker Research In Motion plunged nearly 30 percent Friday after the company posted a loss and warned of future losses despite releasing its make-or-break new smartphones this year.


Quoted from RIM posts larger-than-expected loss, shares plunge on Gadgets News Headlines – Yahoo! News

RIM said it sold 6.8 million phones overall versus 7.8 million last year. That includes older models. In the conference call, it said about 2.7 million new devices were Blackberry 10 models. Shares of BlackBerry maker Research In Motion slid in premarket trading Friday after the pany posted a loss in the first quarter and failed to break out how many of its new BlackBerrys were sold. TORONTO, Sha'ban 19, 1434, Jun 28, 2013, SPA -- of BlackBerry maker Research In Motion d nearly 30 percent Friday after the pany posted a loss and warned of future losses despite releasing its Tags: posts, larger, than, expected, RIM posts larger-than-expected loss, shares In this January 2013 file photo, Thorsten Heins, CEO of Research in Motion, introduces the BlackBerry Z10 in New York. Research in Motion Ltd. reported a loss Friday. FILE - In this Wednesday, Jan. 30, 2013,file photo, Thorsten Heins, CEO of Research in Motion, introduces the BlackBerry Z10, in New York. Research in Motion Ltd. reports quarterly financial results before the market opens

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