RIM announces Q3 earnings: $114 million net loss, $2.7 billion revenue, sales down 51% YoY
Blackberry manufacturer, RIM, today announced its third quarter earnings report. The company has reported losses of $114 million which is equivalent to $0.22 per share. Revenues were $2.7 billion during the quarter ending December 2012. The company has once again managed to beat analyst predictions who estimated losses to to the tune of $0.35 per share.
The company has shipped 6.9 million smartphones and 2,55,000 PlayBook tablets during the period in question. To put it in perspective, smartphone sales at RIM dipped by 0.5 million units where as Playbook shipments almost doubled partly due to the introduction of a 4G capable model to the line up. RIM is betting big on its upcoming BB10 based smartphones to help improve its diminishing market share.