Canadian mobile phone firm Blackberry reported a severe loss in the second quarter of the year, nearly $ 1 billion, in clear sign of its stumbling in competition with popular smart phones such as Samsung Galaxy and iPhone Apple.
The financial report, which will be issued within days, will force it to lay off about 4,500 employees, accounting for 40 percent of its employees, as well as reducing 50 percent of the company's operating expenses, BlackBerry said.
The company had earlier announced at its headquarters in Ottawa that it was seeking "strategic alternatives" that could also include the sale of the company or the introduction of a new partner to rescue it from bankruptcy, which came very close to the company, asserting that the losses were due to inability to discharge their stocks from The BlackBerry 10 is the latest product produced by the company this year.
The company's director, Thorsten Heins, said Blackberry would begin a plan to withdraw from the smart phone market and reduce its output to only 4 models and that it would continue to provide hardware and software.
Thorsten Haines predicted that the company would return to profit in the second half of the year, realizing a profit of about 1.6 billion if 3 million telephones were sold in addition to its other services.
The latest smartphone market report showed that Android and iPhone systems dominate the smartphone market, while BlackBerry operating systems have only 3 percent of the market, and are fourth only to Windows.
With the news of these losses, trading on BlackBerry shares was suspended after falling 17.1 percent to close at $ 8.73 .. Despite this, financial analysts believe that BlackBerry can be the target of an attractive acquisition and valued About $ 2.6 billion in cash.
The financial report, which will be issued within days, will force it to lay off about 4,500 employees, accounting for 40 percent of its employees, as well as reducing 50 percent of the company's operating expenses, BlackBerry said.
The company had earlier announced at its headquarters in Ottawa that it was seeking "strategic alternatives" that could also include the sale of the company or the introduction of a new partner to rescue it from bankruptcy, which came very close to the company, asserting that the losses were due to inability to discharge their stocks from The BlackBerry 10 is the latest product produced by the company this year.
The company's director, Thorsten Heins, said Blackberry would begin a plan to withdraw from the smart phone market and reduce its output to only 4 models and that it would continue to provide hardware and software.
Thorsten Haines predicted that the company would return to profit in the second half of the year, realizing a profit of about 1.6 billion if 3 million telephones were sold in addition to its other services.
The latest smartphone market report showed that Android and iPhone systems dominate the smartphone market, while BlackBerry operating systems have only 3 percent of the market, and are fourth only to Windows.
With the news of these losses, trading on BlackBerry shares was suspended after falling 17.1 percent to close at $ 8.73 .. Despite this, financial analysts believe that BlackBerry can be the target of an attractive acquisition and valued About $ 2.6 billion in cash.