
The company sold just 5.9 million smartphones to end users, and sadly most of them were older BlackBerry 7 devices, such as the Bold, which was released over two years ago.
Last week, BlackBerry announced it would take a writedown of nearly $1 billion due to an excess of Z10 inventory.
"We are very disappointed with our operational and financial results this quarter and have announced a series of major changes to address the competitive hardware environment and our cost structure," said CEO Thornsten Heins.