Blackberry maker boosted by smaller than expected loss of $235m for second quarter
Research in Motion has posted a quarterly net loss of $235m for its second quarter, while also seeing an increase in Blackberry use in emerging markets.
The smartphone producer posted a smaller than expected loss for the quarter having sold 7.4 million smartphones.
The same period last year saw the company make a profit of $329m but has been hard hit by product launches by rivals Apple and Samsung, alongside negative publicity received during the English riots last year.
As a result of the better than expected figures being released, the company saw its share price rise by 20 per cent as it prepares for the release of its Blackberry 10 next year.
"We are now just a few months away from our launch and our teams are working night and day to meet the expectations we have of ourselves," said RIM CEO Thorsten Heins at a preview of the new phone in California on Tuesday.