RIM announced its Q1 results for fiscal 2013 at this time. Canadian BlackBerry maker reported a net loss of all $ 518 million on $ 2.8 billion in revenue. The latter is down 33%, compared with the previous quarter, while net loss was significantly larger than analysts' estimates. The company has shipped 7.8 million BlackBerry smartphone (down from over 11 million in the previous quarter) and 260,000 PlayBooks.
The bad news continues to delay announcing the BlackBerry device from 10 to Q1 calendar 2013. It turned out that the integration of several key features of the OS to the new device has been going worse than planned. CEO Thorsten Heins however, still believe that the device will have what it takes to make it in the ultra-competitive market today.
Additionally, RIM announced that it would cut an additional 5,000 jobs as part of restructuring efforts. This effort is expected to generate cost savings of $ 1 billion.
The company expects times more weight to the front, and another operating loss in the next quarter. You are welcome to look at all the drama of financial reporting in full splendor by hitting the source link below.
No comments:
Post a Comment