BlackBerry revenue slumps; company outsources hardware

Wed Sep 28, 2016 7:12am EDT
 
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TORONTO, Sept 28 (Reuters) - BlackBerry Ltd posted a 31.8 percent fall in second-quarter revenue and it said it would end all internal hardware development, including its well known smartphones.

The Waterloo, Ontario-based company reported a net loss of $372 million, or 71 cents a share, on revenue of $334 million. A year ago, it reported a profit of $51 million, or 24 cents a share, on revenue of $490 million. Excluding one-time items, the company said it broke even. (Reporting by Alastair Sharp)