BlackBerry reports $670 mn loss, may exit smartphone business

BlackBerry hits a major loss and may exit the smartphone business. (Express photo)
BlackBerry, the Canadian mobile company sold just 5 lakh phones globally in the first fiscal quarter – down from six lakh in the previous quarter – reporting a $670 million loss which is its biggest loss in over two years.
Although much of the loss was down to restructuring charges, sales also fell to $400 million, down 39 per cent on a year earlier, The Telegraph reported on Friday.
“I rea