BlackBerry sales fall, losses pile up

MONTREAL: Blackberry continued bleeding red in the three months ending May 31, extending a two-year losing streak as the Canadian smartphone maker restructures, according to quarterly financials filed on Thursday.

The Waterloo, Ontario-based company posted a loss of US$670 million while revenues plunged to US$424 million -- about two-thirds of last year’s take during the same period and below analysts’ estimates.