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Blackberry Shares Drop

Blackberry continued its multiyear descent on Friday, as shares dropped almost 30 percent after the company posted a loss. The Canada-based company said to expect further losses, despite launching what many called its make-or-break new line of phones this past year. The company said it sold 6.8 million phones this year, including older models, versus 7.8 million last year.

June 28, 2013 1:27 PM