BlackBerry Ltd. (BBRY) is eliminating a third of its staff and scaling back operations after quarterly sales missed analysts’ estimates by half, a sign of quickening deterioration at the already struggling smartphone maker.
The company will cut 4,500 jobs and record an inventory writedown of as much as $960 million for the fiscal second quarter, according to a statement today. Waterloo, Ontario-based BlackBerry expects to report a net operating loss of as much as $995 million for the period....
Google Inc.'s GOOG +0.33% Android software continues to steamroll the competition in smartphones, posing bigger problems for companies like Apple Inc. AAPL -0.82%and BlackBerry Ltd. BB.T 0.00%
Google's Android software continues to steamroll the competition in smartphones, posing bigger problems for companies like Apple and BlackBerry. George Stahl reports on MoneyBeat.
New data Wednesday from research firm IDC found that Apple's share of the global market slid to 13.2%...
