0
Mobile & Wireless

RIM posts small profit in Q3, sales down 47%

Friday 21 December 2012 | 08:40 CET | News
Research In Motion reported a small profit of USD 9 million for its fiscal third quarter to 01 December, down from USD 265 million a year earlier. Profits included a USD 55 million charge for restructuring and an income tax benefit of USD 166 million. The BlackBerry maker's revenues fell 47 percent year-on-year and were down 5 percent from the previous quarter to USD 2.9 billion. RIM shipped 6.9 million BlackBerry smartphones and 255,000 BlackBerry PlayBook tablets in the three months, versus respectively 7.4 million and 130,000 in the previous quarter. Cash flow from operations remained strong at USD 950 million, boosting the cash position to a total USD 2.9 billion. RIM said it expects to report an operating loss for the last quarter of its fiscal year, as it boosts marketing spending for the launch of BlackBerry 10 at the end of January. It also plans continued promotions on BlackBerry 7 devices to maintain the subscriber base. In addition, RIM announced that chief information officer Robin Bienfait will retire at the end of this year, after six years at the company.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours. Subscribe now.

Categories: Mobile & Wireless
Companies: Research In Motion
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






5%
Tele2 holds on to 5% of broadband subscribers
Netherlands  |  2014 Q4

Calendar   /   Industry Events

28 Apr Akamai Technologies Q1 2015
28 Apr Twitter Q1 2015
28 Apr HTC Q1 2015
28 Apr Harmonic Q1 2015
28 Apr NTT Docomo fiscal Q4
28 Apr Orange Q1 2015
28 Apr Radcom Q1 2015
28 Apr Calix Q1 2015
28 Apr AudioCodes Q1 2015
28 Apr Telenet Q1 2015
28 Apr Telco Cloud Forum 2015
28 Apr Digital Regulation Forum
29 Apr Level 3 Communications Q1 2015
29 Apr LG Electronics Q1 2015
29 Apr Ooredoo Q1 2015
29 Apr Equinix Q1 2015
29 Apr Samsung Q1 2015
29 Apr AVG Q1 2015
29 Apr NXP Semiconductors Q1 2015
29 Apr Transmode Q1 2015
29 Apr Arris Q1 2015
29 Apr Baidu Q1 2015
29 Apr Net Insight Q1 2015
29 Apr Microsoft Build Developer Conference
30 Apr FireEye Q1 2015
30 Apr STMicroelectronics Q1 2015
30 Apr Opera Software Q2 2015
30 Apr Nokia Q1 2015
30 Apr Portugal Telecom Q4 2014
30 Apr Ruckus Wireless Q1 2015
::: More Calendar Items