You might noticed that the company that makes Blackberry phone, it’s stock dropped quite a bit today. What happened to RIM? What happened to Blackberry? Are we still see the new Blackberry Bold soon? Read this story:
Needham and Company contributed to a steep decline in Research in Motion’s share price today by warning investors that the BlackBerry creator is likely going to perform below expectations in the near future. Analyst Craig Bisagna notes that while RIM is secure in its business sales, Needham sees the company’s dismissive attitude towards competitors in a financial conference call Thursday as overly optimistic and unrealistic.
However, the figures are also accompanied by slightly lower than expected shipments of 6.1 million BlackBerries over the same period, meeting more modest expectations from American Technology Research and Citi analysts and falling below one estimate of 6.3 million phones from RBC. About 2.6 million subscribers new to BlackBerries were added in the summer.
The company also just slightly missed expectations for its revenue, creating $2.58 billion in pure income versus an anticipated $2.6 billion.
RIM hasn’t yet had an opportunity to explain the perceived shortfall but has been potentially affected by multiple factors outside of its direct control, including a potential siphoning effect as the iPhone 3G takes customers that would otherwise have purchased BlackBerries.
Source: http://www.electronista.com/articles/08/09/25/rim.summer.08.results/
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