BlackBerry posts $ 965 million loss for Q2 2013

BlackBerry has posted a net loss in the second quarter of $ 965 million, blaming the Z10 for his BlackBerry misfortune.

Despite reporting three months billion (£ 994 million) quarterly revenues, $ 965 million (£ 599 million) in total losses overshadowed any Blackberrys had success this quarter.

The enormous losses are attributed to what the company calls "Z10 inventory Charge", which means that the company is being penalized for his stash of BB10 flagship phones that failed to sell.

Mirroring the surplus inventory Microsoft Surface RT which meant the company incurred expenditure of $ 900 million, the BlackBerry Z10 failed to appeal to consumers, despite a new touchscreen BlackBerry OS and reinvented fire 10.

"We are very disappointed with our operational and financial results this quarter and announced a series of major changes to address the competitive environment hardware and our cost structure," said Thorsten Heins, President and CEO of BlackBerry.

It was recently announced that BlackBerry has agreed to a sale of $4,7 billion to Fairfax financial Consortium, but the company said that it is still exploring other opportunities while crossing the deal.

BlackBerry has also had to cut 4,500 jobs in the light of its losses, which is equivalent to 40 percent of its workforce.

"We understand that some of the activities that we are creating uncertainty, but we are a financially strong company with $2,6 billion in cash and no debt. We are focused on our target markets and are committed to complete our transition quickly in order to establish a more targeted and effective. "

Despite the poor sales of Blackberry Z10, the company still has about 3.7 million registered sales of smartphones this quarter, perhaps prompted by physical keyboard QWERTY Smartphones such as Q10 BB10 BlackBerry and BlackBerry Q5.

Learn more-buy Fairfax BlackBerry: BlackBerry RIP, your time is still awake.

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GTA 5 is the most expensive game ever that cost 170 million pounds to make

Ahead of next week's release, Rockstar confirmed that GTA 5 is the most expensive player ever made, costing a whopping £170 million to produce.

Eclipsing the budgets of the companions AAA securities like Call of Duty: Black Ops 2 and Watch dogs, Rockstar North has revealed that the £170 million spent to build GTA 5 is the highest altitude ever squirted on a game.

With more than 3 million copies of GTA 5 having already pre-ordered, it is expected that the long-awaited title will recover his considerable outlay in double quick fashion. It has been suggested that GTA 5 will sell more than 25 million copies during its opening 12 months, generating sales upwards of £ 1 billion.

Such a big budget looks set to produce one of the greatest games ever made, with the world of GTA 5 bigger than all previous GTA titles combined.

"What we've done is create a world that you can lose. A site that is interesting and fun to live, "Aaron Garbut, series Art Director at Rockstar North, Edinburgh based studio responsible for GTA 5 said.

"Any sort of commercial scale, Grand Theft Auto is easily the largest cultural export of Scotland ever," Brian Baglow, a writer on the first GTA game said in an interview with the Scotsman. "The series has sold something like 135 million copies so far."

He added: "it's coming up to 17 years since GTA began and it became something I don't think anyone involved with the original game you would have expected.

"The series has come not only by leaps and bounds, but wide gaps by then. Has become much more than the sum of its parts, is a phenomenon completely. This is the Fifth major release, and the nice thing is that all of them were done here in Scotland. "

Last week, Rockstar has suggested that although not GTA 5 Xbox releases one or GTA 5 PS4 had yet been confirmed, the game already ' next-gen ' feel.

"Compared to GTA 4 this [GTA 5] definitely feels ' next generation ' to us," Phil Hooker, associate Technical Director of Rockstar North said in a recent interview.

"When we started we knew the scope of GTA 5 was huge and incredibly ambitious. Fortunately the complete GTA 4 had a team that already knew very well with the hardware. "

He added: "every aspect of the game should be better, richer and smoother gameplay and knowing that we were launching on the same platforms meant we could concentrate on extracting the maximum from the console and making the game as awesome as possible.

Read more: best games 2013

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EE's 4 G network gains pace in the United Kingdom hits 1 million customers

EE was a British airline offered the first 4 G LTE in the UK, and it seems that high-speed network availability in high demand among the British. EE has today announced that it could pass the 1 million 4 G customers brand four months before the specified deadline.

Arrive early on the LTE party pays big dividends to EE, as competing providers Vodafone and O2 have launched recently its own 4 G networks less than two weeks ago, while three you will have not quite up to December.

After EE are more than 100 cities in the entire United Kingdom of its network take advantage of 4 G, the supposedly the fastest in Europe, and faster than in the United States and Japan. The United Kingdom also has some of the fastest global 4 G adoption rates.

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Ubuntu-edge campaign not be to reach $32 million goal

The ambitious project of the Ubuntu-edge Smartphone has his early death met, at least what is the Indiegogo campaign concerns.

Already in July canonical began a campaign to $32 million in 30 days for the Ubuntu-edge Smartphone, to increase a device with the kind of specifications, the dreams are. The amount funded campaign had a strong start, accumulating more than $2 million in the first eight hours and is to hit a record sum of over $10 million, the highest for a crowd-funded campaign, beat like the Pebble Watch (the one actual product at this time).

But it was obvious even then, never wanted to make the campaign. The days have been few and the final amount was too high and though canonical is managed to raise an impressive amount of money never wanted to achieve, that with the continuously declining interest.

As today the campaign finally has an end, manage the company, $12.8 million, far from the target of $32 million increase. But while the campaign is completed, can the idea does not have. Although the campaign reaches its destination, it has created a lot of enthusiasm about the device and the operating system behind it. Founder of Ubuntu - Mark Shuttleworth - revealed that some large manufacturers to come to discuss the device with him. So it could still be something hope for the Ubuntu side after all.

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