Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday September 15, 2011

RIM Earnings Plummet by More Than Half

I'm not sure why people are surprised RIM's earnings have taken a dive, didn't CNN call the Blackberry Playbook the "herpes of tablets?"

Research in Motion saw its profit in the second quarter fall by more than half as Apple and Google continues to eat its lunch. The BlackBerry smartphone manufacturer reported today quarterly earnings of $329 million, or 63 cents a share, compared with a year-ago profit of $797 million, or $1.46 a share. Excluding one-time items, the company posted earnings of $419 million, or 80 cents a share. Revenue fell 9% percent to $4.2 billion.

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