By Daniel Hunter
Research in Motion (RIM) the company behind the Blackberry smartphone has warned it will make a loss in its latest quarter.
They have also said they will make "significant" job cuts following a loss of ground on and a number of customers switching to iPhones and Androids.
The company also saw share prices fall 10% in after-hours trading.
"The on-going competitive environment is impacting our business in the form of lower volumes and highly competitive pricing dynamics in the marketplace, and we expect our first-quarter results to reflect this, and likely result in an operating loss for the quarter," chief executive Thorsten Heins said.
"There will be significant spending reductions and headcount reductions in some areas throughout the remainder of the fiscal year," he added.
Join us on