RIM warns for lower sales in Q4, product delays

Friday 16 December 2011 | 09:17 CET | News
Research In Motion reported a drop in quarterly results and said it expects further delays to new products. The BlackBerry maker reported revenues for the fiscal third quarter to 26 November down 6 percent from a year ago to USD 5.2 billion, in line with its earlier profit warning. During the quarter, RIM shipped 14.1 million BlackBerry smartphones and 150,000 PlayBook tablets. The company's net profit tumbled to USD 265 million or USD 0.51 per share, from USD 911 million or USD 1.74 per share a year earlier, due to the earlier announced charges to write off unsold PlayBooks and deal with the

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


Don't blame CEO, they want RIM win. RIM has strange culture and self distruct political environment. In RIM if a new hired person figure out major problem and introduce efficient approach, both manager and his buddy group member will proof their wrong approach works. just like someone point out driving a car is right way, pushing a car is wrong way, then both manager and his buddy group member will hate you, and proof that 3 person can also move the car by pushing it. cheating email will be sent to some vice president, saying like: see, the car moving, pushing a car is a natural part of the process, in order to deny new hired contribution of introducing skill of drive a car, they have to deny merit of driving a car. It is very strange company culture and strange company political environment, it promote stealing and cheating skill. RIM’s management may be a typical instance in MBA course. This culture deny or steal hardworking team members’ contribution/innovation, generate strange political environment, destroy RIM. So don't blame CEO, some of their VPs and VPs' expert generate terrible culture and self destruct political environment.
min zhu @ 19/12/2011 - 00:47

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