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Blackberry reports 518 million dollar loss

Posted at 5:39 PM, Jun 29, 2012

The makers of the Blackberry may be struggling for a piece of the smartphone.

Research in Motion, the company that makes Blackberry, reports a loss of about 518 million dollars.

Today it announced it’s laying off 5, 000 employees.

Along with the cuts, the company says it’s also delaying the release of the new Blackberry 10 operating system.

That's now expected to be rolled-out next year.