RIM Reports $114m Loss On $2.73 Billion In Revenue
Things haven’t been great for RIM, despite the upcoming reveal of BlackBerry 10,
and possibly the BlackBerry Z10. RIM was delisted from the Nasdaq 100
the other day, and today, RIM posted its fiscal Q3 2013 earnings report.
The company posted a net loss of $114 million on $2.73 billion in
revenue, even though they claimed $14 million in profits for the quarter
due to a $166 million tax settlement. Last year at this time, RIM
reportedly earned $265 million, which was already down at that time.
Even with the loss, they were able to ship 6.9 million smartphones
and 255,000 BlackBerry PlayBooks and increased their cash by $600
million dollars, totaling $2.9 billion. They need to smarten up to
compete with Android and Apple.