Will BlackBerry ever catch another break? The struggling Canadian smartphone maker reported a loss of $4.4 billion in the third quarter. Revenue also dropped from $2.7 billion in the third quarter last year to $1.2 billion.
The losses come as BlackBerry shuffled up its executive leadership. Former CEO Thorsten Heins was replaced by John Chen last month. Rumors continue to swirl that the company will be sold.
"We have accomplished a lot in the past 45 days, but still have significant work ahead of us as we target improved financial performance next year," said Chen in a statement.