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Blackberry reports £55m loss in first quarter

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Blackberry reported a fiscal first quarter loss and forecast a loss in the second quarter, despite increased sales and revenue. Blackberry reported a net loss in the first quarter results. Photo: Telegraph By Olivia Goldhill 1:06PM BST 28 Jun 2013 Comments The smartphone maker reported a net loss of $84m (£55m), or 10p a share, in the quarter to June 1, which sent shares plunging by almost a fifth in pre market trading. Blackberry shipped 6.8m smartphones, an increase of 13pc from last quarter, and revenue rose 15pc to $3.1bn (£2bn) but it was not enough to retain the company's profit from the previous quarter. The company provided no breakdown of Blackberry 10 sales, and so...

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