RIM's Revenues Fall off a Cliff

Research In Motion said its revenue for the quarter ended June 2, 2012 was 2.8 billion US dollars,  down 43% from 4.9 billion dollars in the same quarter of last year. In the quarter, shipments of BlackBerry smartphones were 7.8 million and shipments of BlackBerry PlayBook tablets were approximately 260,000, RIM said. The global BlackBerry subscriber base is approximately 78 million and still growing, the company claimed.

RIM said it "expects the next several quarters to continue to be very challenging for its business based on the increasing competitive environment, lower handset volumes, potential financial and other impacts from the delay of BlackBerry 10, pressure to reduce RIM’s monthly infrastructure access fees, and the company’s plans to continue to aggressively drive sales of BlackBerry 7 handheld devices." source: RIM statement