Blackberry Posts $4.4 Billion Loss in Third Quarter, Inks Foxconn Deal

Episode 1042 (05:22)

Blackberry reported a $4.4 billion loss in the third quarter, as it struggles to stay relevant against makers Samsung, Apple, and Motorola. Since the Canadian government won't allow for Blackberry's phone division to be sold outside of Canada, Blackberry has made a deal with Foxconn to produce devices for the Asian markets.

BlackBerry Inks Foxconn Deal After Dismal Quarter (PCMag)…
http://www.pcmag.com/article2/0,2817,2428609,00.asp

Despite the doom and gloom, Blackberry CEO sent a letter to all employees telling them to "relax and enjoy the holidays."

Following Results, BlackBerry CEO Sends Letter to Employee (PCMag)…
http://www.pcmag.com/article2/0,2817,2428648,00.asp