Thursday, March 29, 2012

RIM Falls Short: BlackBerry Shipments Down 21% From Q3, Former Co-CEO Jim Balsillie Resigns

sadberryThis just in folks: RIM has released their Q4 2012 earnings report, and it paints a pretty bleak portrait of the ailing company. RIM posted quarterly revenues of $4.2 billion, down 19% from the previous quarter, and down 25% from the year-ago quarter. The Waterloo company also reported a net loss of $125 million or $0.24 per share diluted in Q4, along with earnings per share of $0.80. In the days leading up to the release, analysts expected earnings of $0.83 cents a share on revenue of $4.56 billion.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/JiMXjXWknRo/

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