RIM posts falling revenue, phone sales ahead of BlackBerry 10 launch

The company lost money again in its fiscal third quarter ended Dec. 1

Research In Motion reported falling unit sales and revenue in its third fiscal quarter as it geared up for the introduction of its BlackBerry 10 OS next month.

RIM lost US$14 million, or $0.03 per share, in the quarter that ended Dec. 1. It sold 6.9 million BlackBerry phones, down from 7.4 million in the previous quarter, and just 255,000 BlackBerry PlayBook tablets.

The company expects to lose money again in the current quarter and warned sales of its current products, based on BlackBerry 7, could be hurt as customers hold off for BlackBerry 10 phones. RIM will continue to consider price incentives on BlackBerry 7 devices and services to maintain its subscriber base and drive adoption, the company said in a news release.

The first BlackBerry 10 products are going through technical acceptance programs at more than 150 mobile operators around the world, and more than 120 enterprises are participating in beta testing of the devices, RIM said.

RIM's revenue in the quarter was $2.7 billion, down 5 percent from the previous quarter's figure and down 47 percent from a year earlier. But the revenue number beat the consensus forecast of $2.66 billion from analysts surveyed by Thomson Financial.

The company's adjusted net loss, excluding certain factors such as an income tax benefit, was $114 million or $0.22 per share. Analysts had forecast a loss of $0.35.

RIM is betting its future on BlackBerry 10, which is scheduled to be announced on Jan. 30 in New York. The OS, which has been delayed several times, is widely considered the company's last chance to claim a viable place in the smartphone business.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags BlackBerry OSbusiness issuesresearch in motionMobile OSesfinancial resultsmobile

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Stephen Lawson

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?