Blackberry shares thrust after $84m first-quarter loss

Shares in smart phone maker Blackberry have dived after it reported an $84m loss for the three months to 1 June. The figure was better than the $518m loss for the similar period last year, but much worse than analysts' forecasts. Shipments of new smartphones increased, but Blackberry, which used to be called study in Motion, did not release how many new handsets running the BB10 operating system were sold in the quarter.
Chief executive Thorstein Heins supposed the company was continuing to focus on the global roll-out of BB10 and was sure it would be a hit with customers. Analysts had been mainly keen to see the numbers for the new Z10 handset, as it was the foremost full quarter that the model had been on sale in the United States. Blackberry has been battling stiff competition in the smart phone sector, and has struggled to compete with the likes of Apple and Samsung.

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