RIM set to delay launch of BlackBerry OS

RIM set to delay launch of BlackBerry OS

BlackBerry maker Research in Motion (RIM) has announced it is delaying the launch of its new smartphone operating system BlackBerry 10.

The news comes after the firm confirmed job losses would occur after reporting a $518 million (£334 million) net loss in the three months to the start of June.

Analysts said the financial results were worse than expected and the Blackberry 10 delay spelt more bad news for RIM.

Thorsten Heins, RIM's chief executive, said he was "not satisfied" by the results and promised to continue working aggressively to implement meaningful changes.

"Our top priority going forward is the successful launch of our first BlackBerry 10 device, which we now anticipate will occur in the first quarter of calendar 2013," he added.

The system was originally supposed to have been released in March, and the news that it has been delayed again until 2013 means it will miss out on this year's lucrative back-to-school season.

RIM also said it expected to make an operating loss in the current quarter.