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As expected, RIM's profits are down again this quarter

Written by Andre Yoskowitz (Google+) @ 15 Sep 2011 21:20 User comments (2)

As expected, RIM's profits are down again this quarter RIM reports terrible earnings.
The makers of the BlackBerry line of smartphones are seeing their stock down 18 percent today, following another quarter of weak sales.

Income fell to $414 million USD from $904 million last quarter and revenue fell to $4.2 billion, at the very bottom of where the company guided down to just 3 months ago.

Shipments of new BlackBerrys were down to 10.6 million, well below the 12 million expected, thanks to "lower than expected demand for older models," said RIM co-chief executive Jim Balsillie.

Sales of the PlayBook tablet were down to 200,000 for the quarter from a strong 500,000 in the first quarter of availability, mainly thanks to missing features promised at launch, like a native email client.

RIM just released the latest BlackBerry 7 phones, the last of the line before the company moves to the better QNX platform seen on the PlayBook.

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2 user comments

117.9.2011 11:58
Monkeypox69
Unverified new user

Blackberrys are absolute garbage. Yeah, they were once great - before iPhone and Android came along.

Anyone who buys a Blackberry now is a fool.

217.9.2011 19:06

SUCK ASS blackberry. All they make are JUNK products just like apple. I hope rim will slowy die a slow death.

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