RIM's hardware department could be losing money
RIM is going down quickly and the latest financials made it obvious even for the most loyal ‘Berry fans. Adding salt to the wound, a bunch of top level executives started leaving the company, and to make matters even worse now, the Canadian company’s latest regulatory filing, reveals that RIM’s hardware department is probably losing money.
According to the analyst, RIM’s hardware department is in the red: -8% on a GAAP basis, -3% on a non-GAAP basis, or -4% on an adjusted non-GAAP basis.
The last number should be closest to reality as it factors in the $752 million that RIM took in inventory write-offs.
source: AllThingsD
