[URL]http://www.bbc.co.uk/news/business-14941243[/URL]
[QUOTE][B]Blackberry manufacturer Research in Motion (RIM) has seen its second-quarter profits more than halve, hurt by low demand for its older models.[/B]
The firm rolled out new smartphones but only late in the quarter.
Net profit fell to $329m (£208m) for the three months to 27 August, from $797m in the same period a year earlier.
In July, the company said it would cut 2,000 jobs - 11% of its workforce - as part of a shake-up of its operations.
Revenue for the second quarter fell to $4.2bn, a drop of 10% on the same three months last year.
During the quarter, RIM shipped some 10.6 million Blackberry smartphones and about 200,000 Blackberry PlayBook tablets, which was well below analysts' expectations.
Following the results announcement, RIM's shares fell by as much as 10% in after-hours trading in New York.
The Canadian firm said it expected things to improve in the third quarter though, forecasting shipments of between 13.5 million and 14.5 million smartphones and revenues of between $5.3bn and $5.6bn.
[/QUOTE]
The only thing Blackberry's have going for them is Blackberry Messenger. Even then they're are better products that work for more then just your own special OS, RIM.
Ha I thought they would be doing amazing, everybody in my town is buying Blackberrys now I thought they were like the next big thing or something
Again I say, this is news? Anyone following technology could tell you that their earnings were going to drop. Like the article says, the new smartphones have yet to factor in, part of the reason behind the low earnings.
huh weird the new bold 9900 is actually a great phone although a bit late coming in terms of specs, but they've been selling like hotcakes as far as I heard
[QUOTE=lum1naire;32347143]huh weird the new bold 9900 is actually a great phone although a bit late coming in terms of specs, but they've been selling like hotcakes as far as I heard[/QUOTE]
[quote]The firm rolled out new smartphones but only late in the quarter.[/quote]
Meaning that the new phones haven't had enough time to make a difference on the numbers. That is why their third and fourth quarter projected profits are high (also there is some rumors about a QNX smartphone coming out in Q4 2011).
[QUOTE=Ogopogo;32346785]Again I say, this is news? Anyone following technology could tell you that their earnings were going to drop. Like the article says, the new smartphones have yet to factor in, part of the reason behind the low earnings.[/QUOTE]
As an investor in the technology sector this concerns me.
Investor pro-tip: do not invest in RIM or Microsoft or Nokia. I think Microsoft and Nokia will both do decently in the long term but their stock prices will not reflect that. RIM is a lost cause unless they somehow make their QNX operating system amazing enough to muscle in on Android, iOS and WP7.
well now i know another way to say
"i'm out of a rimjob"
[QUOTE=aznz888;32347760]well now i know another way to say
"i'm out of a rimjob"[/QUOTE]
oh nvm
RIM is our last Canadian technological stronghold. Everyone else has either been bought out or gone bankrupt. It's going to be sad to see RIM go too and yes, it's going to happen.
[QUOTE=person11;32347726]Investor pro-tip: do not invest in RIM or Microsoft or Nokia. I think Microsoft and Nokia will both do decently in the long term but their stock prices will not reflect that. RIM is a lost cause unless they somehow make their QNX operating system amazing enough to muscle in on Android, iOS and WP7.[/QUOTE]
Actually, the top market analysts are leaning towards "buy". Why this is, is due to the release of the new batch of smart phones, along with RIM's ability to make large profits constant and constantly.
In addition, market analysts are puzzled about why RIM's stocks are so well despite them doing so well. I was reading an article on it, and basically if RIM's profits and growth were applied to any other company, they would quickly (very quickly) gain value on its stock. It is this physiological factor that is proving to be the real reason that RIM's stock dropped.
[QUOTE=MIPS;32348008]RIM is our last Canadian technological stronghold. Everyone else has either been bought out or gone bankrupt. It's going to be sad to see RIM go too and yes, it's going to happen.[/QUOTE]
There are a few reasons why RIM stands a very good chance NOT to be bought out. For one, both of the CEO's own large chunks of the company, upwards of 10-15%. Any potential buyout would have to have the buying pursue share VERY aggressively. Finally as you mentioned, RIM is Canada's last technological stronghold. By this reason alone it is not unlikely that the government would step in against such a attempted buyout.
As for the bankrupt part, have you checked their profit, and income as of late?
Year--------Sales------- Operating Income --Net Income
2002[18] 294,000,000 (58,000,000) (28,000,000)
2003[18] 307,000,000 (64,000,000) (149,000,000)
2004[18] 595,000,000 78,000,000 52,000,000
2005[18] 1,350,000,000 386,000,000 206,000,000
2006[18] 2,066,000,000 617,000,000 375,000,000
2007[18] 3,037,000,000 807,000,000 632,000,000
2008[18] 6,009,000,000 1,731,000,000 1,294,000,000
2009[18] 11,065,000,000 2,722,000,000 1,893,000,000
2010[18] 14,953,000,000 3,507,000,000 2,457,000,000
2011[18] 19,907,000,000 4,639,000,000 3,411,000,000
Noone is saying that they are going to nothing soon. And I agree their profits are still nice. But with dismal Playbook sales, 4 incompatible OSes on the market at the same time (old 4 devices, OS5, OS6, and OS7), no quality apps, a lack of innovation, and the promise of a 5th incompatible OS for 2012, RIM does not seem to have a good overall long term plan for the future...
Blackberry sucks.
[QUOTE=faze;32348805]Blackberry sucks.[/QUOTE]
Short version of what I just said.
[QUOTE=person11;32348787]Noone is saying that they are going to nothing soon. And I agree their profits are still nice. But with dismal Playbook sales, 4 incompatible OSes on the market at the same time (old 4 devices, OS5, OS6, and OS7), no quality apps, a lack of innovation, and the promise of a 5th incompatible OS for 2012, RIM does not seem to have a good overall long term plan for the future...[/QUOTE]
The majority of RIM's problems is due to the transition from the classic operating system, to QNX.
They have made way too many mistakes before that, the "transitional phase" excuse is bullcrap. Nokia and Palm have said the same but look how that went.
they need a new phone
[QUOTE=wanksta11;32349522]they need a new phone[/QUOTE]
They are announcing their QNX phone soon.
[quote=Engdaget]Update: RIM's earnings call just finished up, and a few more tasty tidbits were revealed. Apparently, the company is planning several surprises at its developers conference next month. Among the goodies we can expect is an OTA software update for the PlayBook that will include native email, calendar and contacts apps along with the much-anticipated Android app player and a BlackBerry Video store (which will have 10,000 movies on launch). RIM also said that its QNX development handsets are currently being tested in house and that the both the phones and the QNX dev platform will be unveiled at DevCon.[/quote]
Devcon is on October 18-20, 2011.
[QUOTE=faze;32348805]Blackberry sucks.[/QUOTE]
I thought the people buying them are only doing it because they said the keyboard is good, and also BBM?
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