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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, September 16, 2011

RIM's Sales Slide 10%

Research In Motion, maker of Blackberry, said its revenue fell 10% year-on-year to 4.2 US billion dollars in the quarter ended August 27, 2011.  RIM said it shipped approximately 10.6 million BlackBerry smartphones (compared with 12.1 million the previous year) and approximately 200,000 BlackBerry PlayBook tablets during the quarter.

RIM expects revenue for the quarter ending November 26 to be in the range of 5.3 billion to 5.6 billion dollars, compared with 5.49 billion dollars the previous year. RIM expects BlackBerry smartphone shipments  to be between 13.5 million and 14.5 million units in the current quarter, compared with 14.2 million in the same period last year.

“We successfully launched a range of BlackBerry 7 smartphones around the world during the latter part of the second quarter and we are seeing strong sell-through and customer interest for these new products. Overall unit shipments in the quarter were slightly below our forecast due to lower than expected demand
for older models,” said Jim Balsillie, Co-CEO at Research In Motion.source: RIM statement

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