RIM Reports Q4 Earnings. In This Case, RIM Reports Q4 Losses

| March 29, 2012 | Reply

It has taken a while, but RIM is starting to actually lose money now. Before it was making money, but not much compared to the days of old. In Q4 2011, RIM lost $125 million dollars with revenue of $4.2 billion. That may sound like a lot of revenue but it is down 19% from last quarter and 24% from a year ago same quarter. Shipments were 11.1 million units down 21% from third quarter 2011 and down from 14.9 million last year. Jim Balsillie, who was RIM’s co-CEO before stepping down earlier this year, is now leaving RIM’s board of directors, the company said. David Yach, CTO for software, and Jim Rowan, COO for global operations, are also leaving the company. Is it too late for the company who has now admitted it must ay off more employees? Will adding fresh ideas through almost the whole top of the company lead to a comeback? Not sure. But if they came with something even decent compared to Android and iOS, Crackberry addicts would come running back in droves. The problem is the company is a mess and who knows if they will ever develop leading edge software again. The good news is we still have a BlackBerry news tag in our WordPress. So they aren’t invisible just yet.

Source: GigaOM

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Category: Tech News

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