The final quarter continues to be about as rough because they come for RIM, and it is now detailed precisely how things stacked up when it comes to hard amounts. For that first quarter of their 2013 fiscal year, the organization introduced in $2.8 billion in revenue, lower a complete 33 percent in the prior quarter, although it reported a internet lack of $518 million -- much worse than experts were expecting. In addition, it is also introduced it's cutting one more 5,000 jobs included in its ongoing restructuring efforts, which the very first Rim 10 mobile phones now will not launch until between the very first quarter from the 2013 twelve months (which includes a Texting model released in "close closeness" towards the touch screen-only device). For why, RIM only went so far as to state the integration of some key Rim 10 features and also the "connected large amount of code" has "shown to be additional time consuming than anticipated." For his part, though, Boss Thorsten Heins states he remains "certain that the very first Rim 10 mobile phones will give you a ground-breaking next generation smartphone consumer experience," which he's "urged through the traction the Rim 10 platform is attaining with application designers and content partners." He further notes the reaction to BB10 from key company partners has "been very positive."
When it comes to its existing products, RIM reviews that Rim smartphone deliveries (not sales) for that quarter totaled 7.8 million, while there have been about 260,000 PlayBooks shipped -- around the company's earnings call, Heins noted the total Rim customer base now stands at 78 million. Not remarkably, the organization is warning more not so good news in the future. It states it needs the "next several quarters to continue being very challenging," with everything else in the "growing competitive atmosphere," lower phone volumes, impact in the Rim 10 delay, and also the company's intends to "still strongly drive sales of Rim 7 handheld products" likely to reduce its main point here. In another little bit of news, the organization also introduced it has hired Steve Zipperstein, Verizon's former General Counsel, since it's new Chief Legal Officer. You'll find the entire earnings report in the source link below.
RIM announces Q1 earnings: $518 million internet loss, 5,000 job cuts, BB10 not due until Q1 2013 initially made an appearance on Engadget on Thu, 28 Jun 2012 16:25:00 EDT. Please visit our terms to be used of feeds.
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