Saturday, September 21, 2013

Shares of BlackBerry suspended after announcement of cuts ... - Euronews

trading of BlackBerry in the U.S. exchange was suspended on Friday after the Canadian phone maker has announced that it will cut about 4000 and 500 jobs. The securities have plunged nearly 18% to $ 8.7.

BlackBerry will come up with a profound restructuring in the business after having recorded another quarter of losses: EUR 265 million higher than expected.

manufacturer of smartphones is even considering selling the company … since the latest strategies to compete with Apple and Samsung did not produce the expected results.

In addition to cuts in jobs, officials announced that the BlackBerry will reduce inventories of mobile devices in 960 million.

More information Blackberry, U.S. Economy, U.S. Technology

Copyright © 2013 euronews

JavaScript is required for this video

No comments:

Post a Comment