WATERLOO, Ontario, Sept. 27 (UPI) -- Canadian smartphone pioneer BlackBerry said Friday it lost $965 million in its fiscal second quarter on revenue that did not come close to expectations.
Analysts had expected revenues of $3 billion, The New York Times reported. Falling far short of that, BlackBerry said in a filing that revenues in the quarter came to $1.6 billion. The bulk of the losses came from a write-down of more than $934 million for unsold phones.