BlackBerry posts $207 million loss
TORONTO (AP) — BlackBerry posted a loss of $207 million in the second quarter just days after the embattled company launched a new phone.
The Canadian company said Friday it lost two cents per share on an adjusted basis on revenue of $916 million.
The loss was smaller than its loss of $965 million a year ago.
Analysts surveyed by FactSet had expected a loss of 15 cents on higher sales of $951 million.
Chief Executive John Chen unveiled a large-screen, square sized phone called the Passport on Wednesday.
But its BlackBerry models have increasingly lost relevance as a smartphone company in the years since the 2007 launch of Apple's touchscreen iPhone and the 2008 introduction of Google-powered Android phones.