BlackBerry retreats from consumer market after ANOTHER $125M loss - and shifts focus back to businesses

The maker of BlackBerry today seemed to admit defeat in the smartphone wars after suggesting it will abandon most consumer markets. Research in Motion Ltd will instead concentrate on reaching business customers, who are said to value the security of the company's handsets. RIM has been struggling as Americans are abandoning their BlackBerrys for flashier touch-screen phones such as Apple's iPhone and models that run Google's Android software. CLICK TO READ MORE