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Revision history for this page on the wikienMediaWiki 1.13.3Wed, 04 Nov 2026 07:05:01 GMTSeanaDesantiago283: New page: Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments. The Canadian company made a net l...
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<p>New page: Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments. The Canadian company made a net l...</p>
<p><b>New page</b></p><div>Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.<br />
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The Canadian company made a net loss for the three months to 3 March of $125m (�78m), compared with a profit of $934m a year earlier.<br />
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Revenues fell to $4.2bn from $5.2bn.<br />
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The firm also suggested it would refocus on the corporate market rather than on individual consumers.<br />
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It also announced the resignation of former co-chief executive Jim Balsillie.<br />
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Chief technology officer David Yacht will also be standing down.<br />
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Shares in the company fell as much as 9% in after-hours trading following the trading statement. They have fallen by 80% over the past year.<br />
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Shipments of BlackBerry smartphones in the quarter fell to 11.1 million, down 21% from the previous three-month period.<br />
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Shipments of the company's PlayBook tablets hit 500,000, largely due to substantial discounting.<br />
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For the full financial year, the company made a net profit of $1.2bn, down from $3.4bn in the previous year.<br />
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The results were worse than analysts had expected and RIM shares fell sharply in after-hours trading.<br />
Corporate focus<br />
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RIM has struggled to keep up with rivals in the smartphone market, such as Apple's iPhone and handsets running on Google's Android operating system.<br />
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It has also struggled to gain a foothold in the tablet market.</div>Thu, 29 Mar 2012 23:26:39 GMTSeanaDesantiago283http://beta.aalf.org/wiki/index.php?title=Talk:SeanaDesantiago283