Research In Motion, maker of the BlackBerry, expects its revenue for the quarter ending August 27, 2011 to be between 4.2 billion and 4.8 billion US dollars, compared with 4.62 billion dollars in the same quarter last year.
“Fiscal 2012 has gotten off to a challenging start. The slowdown we saw in the first quarter is continuing into Q2, and delays in new product introductions into the very late part of August is leading to a lower than expected outlook in the second quarter." said Jim Balsillie, Co-CEO at Research In Motion.
In the quarter ending May 28, RIM's revenue grew 16% year-on-year to 4.9 billion dollars. Overseas revenue rose 67% year-over-year, suggesting the company saw a sharp slowdown in North America. During the quarter, RIM shipped approximately 13.2 million BlackBerry handheld devices and approximately 500,000 BlackBerry Playbook tablets. source: RIM statement