Blackberry maker RIM profits fall sharply

A Blackberry torch RIM shipped 10.6 million smartphones between June and August but expects a pick-up in the next quarter

Related Stories

Blackberry manufacturer Research in Motion (RIM) has seen its second-quarter profits more than halve, hurt by low demand for its older models.

The firm rolled out new smartphones but only late in the quarter.

Net profit fell to $329m (£208m) for the three months to 27 August, from $797m in the same period a year earlier.

In July, the company said it would cut 2,000 jobs - 11% of its workforce - as part of a shake-up of its operations.

Revenue for the second quarter fell to $4.2bn, a drop of 10% on the same three months last year.

During the quarter, RIM shipped some 10.6 million Blackberry smartphones and about 200,000 Blackberry PlayBook tablets, which was well below analysts' expectations.

Following the results announcement, RIM's shares fell by as much as 10% in after-hours trading in New York.

The Canadian firm said it expected things to improve in the third quarter though, forecasting shipments of between 13.5 million and 14.5 million smartphones and revenues of between $5.3bn and $5.6bn.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • Alana Saarinen at pianoMum, Dad and Mum

    The girl with three biological parents


  • Polish and British flags alongside British roadsideWar debt

    Does the UK still feel a sense of obligation towards Poles?


  • Islamic State fighters parade in Raqqa, Syria (30 June 2014)Who backs IS?

    Where Islamic State finds support to become a formidable force


  • Bride and groom-to-be photographed underwaterWetted bliss

    Chinese couples told to smile, but please hold your breath


  • A ship is dismantled for scrap in the port city of Chittagong, BangladeshDangerous work

    Bangladesh's ship breakers face economic challenge


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.