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Wireless

RIM warns for weak BlackBerry sales

Friday 29 April 2011 | 08:39 CET | News
Research In Motion cut its outlook for profits in the fiscal first quarter ending 28 May, after sales of BlackBerrys fell short of expectations. RIM now expects earnings per share for Q1 of USD 1.30-1.37, lower than its earlier guidance in March for USD 1.47-1.55. BlackBerry shipment volumes are expected to be at the low end of the forecast range of 13.5-14.5 million, with a shift in the expected mix of devices towards handsets with lower average selling prices. Gross margin for the first quarter is expected to be similar to the 41.5 percent previously guided. The change in product mix is

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Categories: Mobile & Wireless
Companies: Research In Motion
Countries: World
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