Thursday, December 20, 2012

RIM continues to struggle, posts $114 million loss on $2.73 billion in revenue

RIM Blackberry tour

RIM's difficulties leading up to the launch of BlackBerry 10 continued today as the company posted its fiscal Q3 2013 earnings report. The company reported an adjusted net loss of $114 million on $2.73 billion in revenue.


CEO Thorsten Heins has warned investors of challenging quarters for months now — and RIM is simply intending to stick it out as best it can until its next generation operating system, BlackBerry 10, is released in early 2013. Heins has previously called the new operating system its "one shot" at recovery, and the company has already sent out invites for a January 30th event in New York to announce what's expected to be the first device to run the OS, the much-leaked L Series. In the meantime, the company has been r...


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via The Verge - All Posts http://www.theverge.com/2012/12/20/3789538/rim-q3-2013-earnings

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