Sunday, December 18, 2011

RIM's net income falls by 71%

Research

movement difficult to compete with the iPhone and smartphones running Google's Android software

Research in Motion said BlackBerry sales will be significantly reduced in the holiday period, further evidence that you are struggling to compete with the iPhone and smartphones with Google's Android software.

RIM said its net profit fell by 71% of revenues fell and the company recorded a charge of general accounting, and he had to sell its PlayBook tablet computer with a big discount.

RIM earned $ 265 million (£ 171m) - or 51c per share - for the quarter ended Nov. 26. This compares to $ 911m, or $ 1.74 per share, a year earlier.

The Canadian company said revenue fell 6% to $ 5.2 billion.

the company shipped 14.1 million BlackBerry smartphones in the third quarter and 150,000 tablets Playbook, but their orientation received particular attention, as he had warned about the results of the third quarter.

Peter Misek, an analyst at Jefferies & Co. in New York, said earlier that if they send RIM unveils more than 12 million BlackBerry during the quarter, the company needs to get their new phone soon. Alternatively, RIM could lose money in the coming quarters as it continues to struggle to sell the current models, provisional.

Thursday, BGC Colin Gillis, analyst said the management was terrible. Asked if RIM will be able to come up with its next generation of BlackBerry phones 10, formerly BBX. Analysts say the future will depend on the new RIM software platform, but many of them hope that the launch is delayed until the second half of next year.


Jim Balsillie, a company co-CEO, acknowledged the challenges facing the company after the iconic and said that managers are working to give back.



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