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RIM’s Woes Continue
September 23, 2011 by admin
Filed under Smartphones
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PlayBook shipments dropped in half for Research In Motion during its second quarter, which also saw revenue continue its steep decline.
RIM shipped just 200,000 PlayBooks in the second quarter, down from 500,000 last quarter, when it started offering the tablet device.
Revenue was US$4.2 billion, hitting the low end of the company’s expectation and down 10 percent from the same quarter last year. Analysts polled by Thomson Financial expected $4.47 billion.
RIM’s net income was $329 million, or $0.63 per share. Adjusted net income was $419 million, or $0.80 per share. Analysts were expecting better: Those polled by Thomson predicted $0.87 per share.
RIM shipped 10.6 million smartphones during the second quarter. In June, RIM warned that the second quarter might be weak because of delays in shipping new phones. The delays meant RIM would miss the back-to-school sales period, negatively impacting sales, it said at the time.
Executives who spoke during a conference call to discuss the results put a positive spin on phone sales, however. The company only began launching phones running the new BlackBerry 7 software within the past few weeks, and so far it’s the “largest and most successful launch in our history,” Mike Lazaridis, co-CEO of RIM, said during the call.
Nokia Expects Windows Phone Before EOY
June 3, 2011 by admin
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Nokia has “increased confidence” that the first of its smartphone devices to run on the Windows Phone platform will ship by the fourth quarter, the company said on Tuesday.
Nokia’s CEO Stephen Elop is putting his full weight behind getting a Windows Phone-based product out for the important end-of-year holiday shopping season, in order to help turn around the company’s smartphone fortunes. The company’s teams are aligned around that goal, he said in a statement.
The company won’t reveal ship dates until closer to when the first phones arrive, but the pressure is on to deliver the devices this year, Elop said when the company announced its first quarter results.
Nokia will have several more opportunities to divulge more information shortly. On June 21, Elop will give a presentation at the Connection 2011 Conference, which is organized in conjunction with CommunicAsia 2011 in Singapore. He will give an update on the company’s partnership with Microsoft, and set the stage for a number of product and service launches, according to the program.