Research In Motion reported quarterly results that fell below investors’ already meager expectations Thursday, adding that it plans thousands of further layoffs as well as another delay to the release of its BlackBerry 10 platform. RIM announced a $518 million net loss on the quarter, or about 99 cents per share. Its revenue on the quarter was $2.8 billion, down 33 percent from a quarter ago and down 43 percent from the same time a year ago. The company shipped 7.8 million BlackBerry smartphones and 260,000 PlayBook tablets.
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RIM Curls Up as BB10 Salvation Fades Into the Distance
Posted by: Rachelle Dragani June 29, 2012 10:49 AMResearch In Motion reported quarterly results that fell below investors’ already meager expectations Thursday, adding that it plans thousands of further layoffs as well as another delay to the release of its BlackBerry 10 platform. RIM announced a $518 million net loss on the quarter, or about 99 cents per share. Its revenue on the quarter was $2.8 billion, down 33 percent from a quarter ago and down 43 percent from the same time a year ago. The company shipped 7.8 million BlackBerry smartphones and 260,000 PlayBook tablets.