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RIM surprises everyone, beats expectations but is still bleeding users

RIM's Q3 2013 earnings are in, and they're not as bad as analysts had expected

| Business, Financial & Legal News | Posted: Dec 21, 2012 10:36 am

Research in Motion posted their Q3 2013 earnings, which ended on December 1 and they're not as bad as analysts expected. Some analysts expected RIM to make money before the BlackBerry 10 launch, with others just waiting for the world to come crashing down around RIM before BB10.

 

TweakTown image news/2/7/27421_07_rim_surprises_everyone_beats_expectations_but_is_still_bleeding_users.jpg

 

Wall Street had RIM pegged to post a loss of $0.35 per share on $2.65 billion in revenue, but RIM actually recorded a net loss of $114 million, or $0.22 per share over $2.7 billion in sales.

 

RIM shipped 6.9 million BlackBerry smartphones in the quarter, and just 250,000 BlackBerry Playbook tablets. Just how much have BB shipments dropped in the past year? 51% year-over-year from Q3 2011. RIM's subscriber base dropped by 1 million users in the three-month period, where the down-but-not-out company now has 79 million total subscribers.

NEWS SOURCES:Bgr.com

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