BlackBerry reports loss of $965 million in fiscal Q2

It's no secret that BlackBerry isn't doing too well, but no one knew just how bad until the company's just-released fiscal Q2 report. It highlights a whopping $935 million loss on the BlackBerry Z10. The "Z10 inventory charge," a clever way to say that the device simply isn't selling, is enough to almost wipe out the listed $1.6 billion revenue. When combined with the corporate restructuring losses, the company posted an overall loss of some $965 million.

The Canadian-based company has struggled to post a profit since it dropped the RIM name and released its anticipated BB10 OS update.

GSM Arena , BlackBerry reports loss of $965 million in fiscal Q2, BlackBerry reports loss of $965 million in fiscal Q2