Tonight Black-berry RIM shares falls after reporting a poor quarter. If we will go through the past history of the Blackberry sales, Its devices sales are in decreasing trend after launching of the Apple iPhone, a main competitor of RIM. iPhone sales and revenue are almost more than double as compare to RIM. RIM is no longer profitable, and now it is looking for a new plan for new devices.
The important fragments from RIM’s earnings are:
· Sales are deceasing by 25% pa. i.e $4.2billion. Where Apple iPhone’s revenue is increased by 133%pa. Even Motorola's mobile device sales grew 5%.
· RIM's former co-CEO Jim Balsillie - will leave its board of directors. And its COO and CTO are leaving.
· A net loss of $125 million, versus a profit of $934 million a year ago.
· "The company expects continued pressure on revenue and earnings throughout fiscal 2013." It will also stop making public predictions of how it's going to do financially. (So as not to keep missing those numbers, and end up looking worse.)
· RIM is "undertaking a comprehensive review of strategic opportunities including partnerships and joint ventures, licensing, and other ways to leverage RIM's assets and maximize value for our stakeholders." In other words, figuring out what to do next.
