Profits shrink for Blackberry maker

Shares tumble as Canadian technology giant faces stiff competition from Apple's Iphone.


    There's bad news for Blackberry maker Research In Motion (RIM).

    Shares of the Canadian technology giant tumbled after miserable first quarter profits, and a plan to cut jobs is in the works.

    Despite millions of people around the world owning a Blackberry, the company is facing intense pressure from Apple's rival Iphone.

    RIM fell far short of Wall Street expectations and is warning jobs could now be at risk.

    Al Jazeera's John Terret has more from Toronto, Canada.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?