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Journalism of Courage
Mounting inventory has cost BlackBerry about $1.6 billion in the third quarter and has forced the Canadian handset maker to cancel the launch of two new devices. BlackBerry said the pile up was mainly on account of unsold BlackBerry 10 devices,which was launched earlier this year.
During the third quarter,the company registered hardware sales of 1.9 million BlackBerry smartphones compared to about 3.7 million BlackBerry smartphones in the previous quarter.
Most of the units recognised were BlackBerry 7 devices.
