I don't think that's bad news. But the markets disagreed and the price took a hit. It's been awesome to see the new management's discipline, should have cut earlier but they got the major planks laid out, new os, android run time, backend services, browser. Just refinements left. Employee count to revenue is getting good. 6 devices a year. Simple. And the new phone has the paratek antenna, this is going to be close.
No fiscal discipline, and execution. Battery life on the new 5" phone is a couple days. Maybe the tunable radio helps. App gap is closing, unity ports, android, bloomberg is now on it. Maps suck. I don't know if they'll make it, aka survive, it is going to be close.
Edit,I don't know if the app gap is closing. But probably not.
The capitalist acts of desperation to increase company profit... First motivate the employees to write the İOS and Android app, they will be working their asses off, hoping the company will survive. Then fire them. Voila!