BlackBerry can’t stop bleeding money as smartphone sales continue to plummet

On Friday, BlackBerry announced its results for the second quarter of the 2016 financial year, and the numbers are anything but pretty.

In the three months period ending with August 29 2015, the company brought in revenues of $490 million, down 46.5% compared to the same time period a year ago. BlackBerry reported non-GAAP consolidated losses of $0.13 per share. Note that these are non-standardized measurements, ones that BlackBerry considers to best represent the financial performance of the company. You can compare these numbers with the GAAP measurements by heading over to the source …

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