RIM's very own Jim Balsillie, co-CEO of the Canadian phone maker, shed light on the underlying reason behind the company's lowered sales and profit forecast in a rather unexpected way: “Our higher-end products are aging … and that’s affecting … sell-through, particularly in the United States and Latin America.”
RIM cut its earnings forecast down to between $1.30 and $1.37 per share in comparison to initial projections of $1.47 to $1.55 per share, all on the background of lower estimate for total shipments which were in recalculated in the range of between 13.5 million to 14.5 million units.
To cement the point about the aged 'Berries, Balsillie added:
“As we’ve said before we feel great about the BlackBerry Platform and the PlayBook and how they’re doing. … We just need to have some newer, higher-end products in the market … This is a transition.”
We can't agree more on the last part of the statement - transition is the key word for RIM. And while the previous statement might have sound pessimistic, RIM's chief executive finished on an optimistic note promising a new generation of BlackBerries next week:
“We are straight in the middle of the whole tablet mobile computing space. And we absolutely have a whole next generation of smartphones, so strategically we feel fantastic, but operationally this stuff is pushed out so you have this transition. … We’ll have a very exciting BlackBerry World next week. You’ll see.”
We've heard whispers about the BlackBerry Dakota, Apollo and Torch 2, while just weeks ago promos for the Bold Touch 9900 (Dakota) and Touch 9860 (Monaco) leaked, so we have plenty of reasons to be excited. Check back around next week when BlackBerry World kicks off – we're sure to see more of those new 'Berries.
source: RIM via All Things D