RIM losses worsen; sl ...

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RIM losses worsen; slashes 5,000 jobs; delays BB10 to 2013

June 30th, 2012, 23:47 Posted By: wraggster

RIM is fast turning from a handset maker into a case study for business studies students. The firm has been in free fall for two years, and its latest financials show a worsening of its plight.
It reported a $192m for its Q1 ended June 2nd, with revenue down 43 per cent to $2.81bn. Handset sales slipped to 7.8m, which is barely half of the 14m of two quarters ago. And there were just 260,000 Playbook sales.
The firm has shipped more than 10m devices every quarter since late in 2009.
All terrible stuff, but the delay of the new OS, BB10, is arguably the worst news of all. This was supposed to signal the re-launch of the platform with devices based on the QNX technology that powers a large number of diverse consumer electronics devices.
The launch was scheduled for Q3 but will now slip to 2013. It's hard to imagine that device sales will reverse their decline until then.

http://www.mobile-ent.biz/news/read/...to-2013/018456

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