Blackberry-maker RIM reports $125m loss

Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.

The Canadian company made a net loss for the three months to 3 March of $125m (£78m), compared with a profit of $934m a year earlier.

Revenues fell to $4.2bn from $5.2bn.

BBC's New York business correspondent Michelle Fleury is in New York.