Not looking good for RIM!
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TORONTO—Research In Motion Ltd. reported a 59% drop in earnings as shipments of BlackBerrys and its newly launched PlayBook fell short of forecasts, intensifying investor pressure on the company.
The disappointment came despite the start of an aggressive roll-out of new phones this summer, all operating off of a fresh operating system. Many analysts had expected that roll-out to bolster smartphone shipments in the company's fiscal second quarter, which ended Aug. 27.
Instead, the company said it shipped far fewer BlackBerrys in the period than expected, and only 200,000 PlayBooks. It shipped 500,000 of the tablets—which rolled out ...
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9/15/2011
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