Blackberry’s woes deepen with $5.87bn annual loss

Struggling Canadian device maker Blackberry has reported a $5.87bn loss for fiscal year 2014, which ended March 1st 2014. The loss is over nine times the size of the $646m loss reported in 2013. The firm’s revenue also fell 38 per cent year on year from $11.1bn in FY13 to $6.8bn in FY14.