TORONTO -- Struggling BlackBerry maker Research in Motion Ltd. revealed Thursday its business is crumbling faster than thought.
The Canadian firm posted bleaker quarterly results than analysts had expected. It's cutting 5,000 jobs and delaying the launch of its next phone operating system, BlackBerry 10, on which it hopes for a comeback.
After many delays, the first BlackBerry 10 phone was expected this year.
It will be delayed to 2013's first quarter, Chief Executive Officer Thorsten Heins said.
North Americans have been abandoning BlackBerrys for iPhones and Androids.