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.

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.






Greece & Portugal
most expensive countries in Europe regarding mobile services
Europe  |  2014 Q1

Calendar   /   Industry Events

23 Jul AT&T Q2 2014
23 Jul Carphone Warehouse fiscal Q1
23 Jul Facebook Q2 2014
23 Jul 8x8 Q2 2014
23 Jul Ooredoo Q2 2014
23 Jul Telenor Q2 2014
23 Jul Infinera Q2 2014
23 Jul Qualcomm fiscal Q3
23 Jul STMicroelectronics Q2 2014
23 Jul Polycom Q2 2014
23 Jul TalkTalk Group Q1 FY2014/15
24 Jul Mobistar Q2 2014
24 Jul Ingram Micro Q2 2014
24 Jul Netgear Q2 2014
24 Jul Amazon Q2 2014
24 Jul Brightcove Q2 2014
24 Jul RFMD fiscal Q1
24 Jul Adva Optical Networking Q2 2014
24 Jul LG Electronics Q2 2014
24 Jul Baidu Q2 2014
24 Jul Freescale Semiconductor Q2 2014
24 Jul Sequans Q2 2014
24 Jul CSR Q2 2014
24 Jul Nokia Q2 2014
24 Jul Riverbed Technology Q2 2014
24 Jul NXP Semiconductors Q2 2014
24 Jul Verisign Q2 2014
25 Jul NTT Docomo fiscal Q1
25 Jul Vodafone Q1 FY2014/15
25 Jul Orange Poland Q2 2014
::: More Calendar Items