About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, December 16, 2011

RIM Predicts 12%-18% Sales Fall

RIM said it expects its revenue for the quarter ending March 3, 2012  to be between 4.6 billion and 4.9 billion US dollars on the back of BlackBerry smartphone shipments of between 11 million and 12 million units. Revenue in the equivalent quarter last year was 5.6 billion dollars and BlackBerry shipmentrs were 14.9 million.

RIM's co-CEOs said: “RIM continues to have strong technology, unique service capabilities and a large installed base of customers, and we are more determined than ever to capitalize on our strengths to overcome the recent execution challenges surrounding product launches and the resulting financial performance." source: RIM statement

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