RIM Beats Analysts’ Forecasts (Barely), Revenue Down 47 Percent

RIM continues to struggle as it preps for the release of BlackBerry 10. According to its third-quarter earnings report, the the company posted a net loss of $114 million. During that period, RIM shipped a total of 6.9 million smartphones and roughly 255,000 BlackBerry PlayBooks, and generated revenue of $2.7 billion. 

While beating analysts’ predictions, that figure is down five percent from the $2.9 billion it earned the previous quarter. Year-over-year, RIM saw its revenue drop 47 percent, from $5.2 billion to the aforementioned $2.7 billion. 

On the plus side, RIM’s earnings were higher than the $2.6 billion analysts expected the company to earn. Losses were also better than analysts’ projections, with RIM losing just $0.22 per share diluted compared to the $0.35 per share it was expected to lose. 

Overall, the BlackBerry-maker reported a net income of $14 million, or $0.03 per share diluted. That number, however, was buoyed by a one-time tax settlement of $116 million. RIM says its revenue came primarily from hardware sales, which made up 60 percent of its earnings. Services made up 36 percent of gains, while software came in at 4 percent. 


AUTHOR BIO
Daniel P. Howley
Daniel P. Howley
A newspaper man at heart, Dan Howley wrote for Greater Media Newspapers before joining Laptopmag.com. He also served as a news editor with ALM Media’s Law Technology News, and he holds a B.A. in English from The Richard Stockton College of New Jersey.
Daniel P. Howley on
Twitter Google+
LEAVE A REPLY
Name*
Email* (will not be published)
Website
*Indicates required field
Comments*
Submit Comments

FIND A REVIEW
Laptops
All Product Types Accessories Cars Digital Camcorders Digital Cameras eReaders GPS Laptops MP3 & Video Players Projectors Smartphones Software Storage Tablets / MIDs VoIP Wi-Fi
All Subcategories
All Subcategories All-Purpose Budget Business Desktop Replacement Gaming Multimedia Netbook Nettop Rugged Student Tablet PCs Ultraportable
Brand
Acer Alienware Apple Archos ASUS Averatec BenQ CTL Corp. Dell Digital Storm eMachines Emtec Everex Fujitsu GammaTech Gateway General Dynamics Getac Gigabyte Hercules HP HTC iBuyPower Intel Lenovo MSI Nokia Nvidia OCZ OLPC OQO Origin Panasonic Sager Samsung Sony Sylvania Systemax TabletKiosk Toshiba Verizon Viewsonic Viliv VooDoo Workhorse PC ZT Systems
Minimum Rating
Any Rating Editor's Choice 4.5 Stars 4.0 Stars 3.5 Stars 3.0 Stars
Screen Size
10 11 12 13 14 15 16 17 18 20 4 5 6 7 8 9
Resolution
1024x576 1024x600 1024x768 1200X800 1280 x 720 1280x1024 1280x768 1280x800 1366x678 1366x768 1440x1050 1440x900 1600x768 1600x900 1680x1050 1680x945 1920x1080 1920x1200 800x400 800x480
Weight Range
10.1 - 12.0 pounds 12.1 - 14.0 pounds 14.1 - 16.0 pounds 2 lbs 2 pounds and under 2+ lbs 2.1 - 4.0 pounds 4.1 - 6.0 pounds 6.1 - 8.0 pounds 8.1 - 10.0 pounds Over 16 pounds Under 2 pounds
more options
SUBSCRIBE