It is no secret that BlackBerry is in trouble, and today's second quarter financial results show just how bad things are in Waterloo, Ontario.
The company's latest earnings report shows that it lost almost $1 billion in just 90 days: $965 million (£600 million). Revenues of just $1.6 billion (£994 million) have failed to offset inventory provision for the BlackBerry Z10. The phone has dramatically underperformed in sales terms.