"Excluding some items, the first-quarter loss was 37 cents a share, missing the 7-cent loss predicted by analysts, according to data compiled by Bloomberg. Sales fell 43 percent to $2.8 billion, trailing an estimate of $3.05 billion"[1]
Shockingly bad numbers, for a company that was expected to produce bad numbers. Exceeding expectations, but not in the direction you'd want :(
"RIM said it shipped 7.8 million BlackBerrys and 260,000 PlayBook tablets in its last fiscal quarter, which ended June 2. Analysts had projected 8.8 million smartphones and 280,000 tablets, according to a survey of 10 analysts. A year earlier, RIM shipped 13.2 million BlackBerrys and 500,000 PlayBooks."
I think the big part for me was BB10 being delayed.
BB10 is QNX, which RIM acquired 2 years ago. They were ready to ship QNX when they were bought, so the 2 year delay is just evidence of RIM's inability to ship on time.
Sad to see what was such a giant misstep so badly and so consistently. :(
> They were ready to ship QNX when they were bought
I've no idea where you're getting that but when they QNX was not ready to ship anything on mobile back then. They've been building the whole ecosystem around the core QNX system.
I wonder if they shouldn't shift gears and become the dashboard computer before somebody else does, QNX is still developing automotive solutions and some look a lot like the BB10 demos we've seen. Deep integration with mobile devices (including iOS and Android), direct PIN messaging to a dashboard computer, providing a flawless mobile broadband solution in partnership with carriers, etc.
Can RIM even keep these two mobile device product lines alive long enough, or should they move in while Microsoft hasn't got the UI right (voice maybe but not onscreen) and Google is just getting into it. Ironically, Nokia would be the perfect maps partner.
Shockingly bad numbers, for a company that was expected to produce bad numbers. Exceeding expectations, but not in the direction you'd want :(
[1]http://www.bloomberg.com/news/2012-06-28/rim-reports-loss-as...
edit: more numbers from same article:
"RIM said it shipped 7.8 million BlackBerrys and 260,000 PlayBook tablets in its last fiscal quarter, which ended June 2. Analysts had projected 8.8 million smartphones and 280,000 tablets, according to a survey of 10 analysts. A year earlier, RIM shipped 13.2 million BlackBerrys and 500,000 PlayBooks."