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RIM Loses BlackBerry Subscribers But Grows Cash Pile
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Research In Motion reported strong third quarter earnings, at least compared to Wall Street’s low expectations.
The company reported an adjusted net loss of $114 million, or $0.22 a share, on revenue of $2.7 billion in the third quarter, beating the consensus estimate on Wall Street that RIM would report a loss of $0.36 a share on revenue of $2.66 billion.
Overall, however, the company’s sales are heading in the wrong direction. RIM shipped 6.9 million BlackBerry smartphones in the third quarter, a significant decline of 51% from the same period last year. Likewise, the BlackBerry subscriber base declined from 80 million in the second quarter to 79 million in the third quarter.
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More About: RIM, stocks
source: http://feeds.mashable.com/~r/Mashable/~3/aeiGRUUmG7c/
2012-12-20 16:04:54
Source: http://someit.com/2012/12/20/rim-loses-blackberry-subscribe/
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