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RIM quarter projections go from bad to worse

Posted: , by Victor H.

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RIM quarter projections go from bad to worse
RIM has had three consecutive quarters of bleeding revenue and its shares have hit a 9-year bottom as it approaches another quarterly results announcement, and things are looking even worse this quarter. Revenue will likely continue sliding and virtually every analyst out there expects the BlackBerry maker to suffer another terrible quarter. 

“It’s going to be terrible with a scoop of worse for August,” Peter Misek, an analyst at Jefferies said.

While last year, RIM reported revenues of $4.9 billion for the first quarter of the year, now, that number is expected to have dropped to a mere $3.1 billion, with a per share loss of three cents. And that’s only to get worse in the second quarter of the year.

And while many think that RIM has hit the very bottom, recent developments at Nokia and earlier Palm show that what you think is the bottom could actually be the start to an even bigger drop in earnings. BlackBerry shipments and more details about the upcoming BlackBerry 10 will be the key factors to watch, and if BlackBerry 10 misses the back-to-school frenzy, it could be too little too late for RIM. What do you expect to hear from the company and does it have what it takes to get out of this mess?

source: AllThingsD

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posted on 28 Jun 2012, 08:36 1

1. mercorp (Posts: 1043; Member since: 28 Jan 2012)

The disappearance of hatsune miku-

posted on 28 Jun 2012, 08:49 7

2. cdgoin (Posts: 570; Member since: 28 Jul 2010)

Its time to realize some savings and bundle BBM into Android or WP "Blackberry" branded phones. Lots of people still like the QWERTY keyboard, but niether Android, iOS or WP have many models with it. So why stick to your own OS, when it would be easier to rebrand other OS's with the BBM service..? It would save money and time and allow a faster turn around on new hardware.

I personally see a HUGE announcement where BB and Nokia are bought by MS and make BB branded WP8 phones and BBM encryption, etc.. is rolled into WindowsLive for no fee.

Think how that would monumentally change the phone ecosystem.

Won't happen, but if it did.. Apple would have to worry then.

posted on 28 Jun 2012, 09:26 1

3. disneydad (Posts: 114; Member since: 26 Mar 2012)

The most valuable products RIM has are e-mail service and BBM. They need to figure out a way to leverage them on other OS platforms.

posted on 28 Jun 2012, 09:52 1

4. sonisoe (Posts: 435; Member since: 06 May 2009)

expectedly a bb10 device is out sometime later this year... i doubt that, if what was shown a few wks ago was truly the latest stage of bb10, they're in bigger trouble...from the look of it, it'll take more than 6 months to completely build the os....

posted on 28 Jun 2012, 11:33 2

5. GENARAL-LEVY (banned) (Posts: 34; Member since: 19 Jun 2012)

Good news.

posted on 28 Jun 2012, 15:07

6. ChrisW (Posts: 1; Member since: 28 Jun 2012)

Blackberry needs Android apps and compatibility or it will not survive. OS differentiation will only alienate them from customers.

They should and can however differentiate on hardware, design and apps. Who cares about their OS anyway?

With a foot already in the business door and a decent market image, imagine how many Blackberry-Android phones they could sell if specced as high as the competition and offering BBM, encryption etc?

Wasting time and money on their proprietary OS just seems so obviously a dead end.

posted on 28 Jun 2012, 15:54

7. Commentator (Posts: 3722; Member since: 16 Aug 2011)

The Verge reported today that BB10 is being delayed until 2013... assuming the company still exists then.

posted on 28 Jun 2012, 17:45 3

8. PapaSmurf (Posts: 10457; Member since: 14 May 2012)

Blackberry is dying faster than I thought it would...

posted on 28 Jun 2012, 23:30

11. Sangeet (Posts: 232; Member since: 21 Apr 2012)

but i did expected this from the beginning.

posted on 28 Jun 2012, 18:39

9. MelvinPainter (Posts: 75; Member since: 05 Apr 2012)

Everything obummer touches turns to crap.

posted on 28 Jun 2012, 23:05

10. steelicon (Posts: 318; Member since: 02 Apr 2011)

At least RIM is trying. Nokia on the other hand...

posted on 29 Jun 2012, 08:43 1

12. Lwazi_N (Posts: 205; Member since: 23 Jun 2011)

Wow, I thought Thorsten would be the change RIM needed. I really don't know the direction RIM is now going. Sad.

posted on 02 Jul 2012, 13:18

13. jordan.300 (unregistered)

I still love BlackBerry.

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