Research In Motion Pre-Announces Q1 Operating Loss

by Volker Weber

RIM is going through a significant transformation as we move towards the BlackBerry 10 launch, and our financial performance will continue to be challenging for the next few quarters. The on-going competitive environment is impacting our business in the form of lower volumes and highly competitive pricing dynamics in the marketplace, and we expect our Q1 results to reflect this, and likely result in an operating loss for the quarter.

Apple and Samsung make a profit. All other players are selling mobile devices as a hobby. Reuters reports:

RIM shares, already down nearly 80 percent over the past 12 months, slumped nearly 13 percent in after-market trading, slithering to around $9.77 a share.

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Comments

In RIM's main territory - enterprises - iOS seems to catch at the crown and leaves even Android behind. Bring-Your-Own-iDevice?

Peter Meuser, 2012-05-30

"All other players are selling mobile devices as a hobby" - not sure Nokia would see it that way :o)

RIM are now betting their future on BlackBerry 10 - it will be have to INCREDIBLE to claw back the market share. There's already a mountain to climb to play catch-up of any kind. Interesting if you look at their share price, the big nose-dive was round the time that the iPhone 3G was released.

Darren Adams, 2012-05-30

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