TORONTO (Reuters) - Research In Motion posted a 27 percent dump in quarterly distinction on Thursday and supposing a gloomy opinion for BlackBerry shipments in a historically clever Christmas period, promulgation a shares tumbling.
RIM's shares strew some-more than 6 percent in after-hours trade as investors fretted about a diseased opening of a line of softened BlackBerry 7 smartphones in a holiday deteriorate and a high cost RIM is profitable to hang with a poor-selling PlayBook tablet.
Later on a discussion call, RIM pronounced it did not design to recover a QNX-based BlackBerry 10 smartphones until a latter partial of 2012, prolonged after a initial guarantee of a first-quarter delivery. The BlackBerry 7 line is designed as a overpass to a QNX smartphones.
"It's unequivocally not about a quarter, it's about a guidance," pronounced Sterne Agee researcher Shaw Wu. "They're awaiting a flattering high decrease into a holiday period, and that's not a good sign, obviously."
The Waterloo, Ontario-based association has been banking on a QNX doing system to capacitate a products to compare a recognition of Apple's iPhone and iPad or a slew of inclination that make use of Google's Android software. RIM's marketplace share has usually eroded and a share price, down about 73 percent this year, has followed suit.
The gloomy holiday opinion for between 11 million and 12 million smartphones - compared to 14.1 million in a prior entertain and 14.8 million in a Christmas quarter final year - suggests a BlackBerry 7 overpass is proof fluid during best. The check in a QNX smartphones is approaching to make matters worse.
"Is this a start of a downward trend in terms of units shipped? If consumer direct slows for their product a things is going to lay there and we could start saying a ratcheting-down of units shipped and that's a large concern," pronounced Colin Gillis, an researcher during BGC Partners in New York.
Even if RIM hits a high-end of a Christmas entertain conveyance aim it will boat fewer BlackBerrys in this mercantile year than a prior one, a initial ever such decline.
RIM's co-CEOs Mike Lazaridis and Jim Balsillie, in an apparent bid to see off financier annoy during their doing of a company's vanishing fortunes, concluded to take an evident compensate cut to $1.
BY THE NUMBERS
RIM incited in a pointy dump in practiced distinction during $667 million, or $1.27 a share, in a third entertain finished on Nov 26. That does not embody a large writedown on unsold PlayBooks or a assign compared with October's tellurian use outage.
It generated income of $5.17 billion, compared with $5.5 billion a year earlier.
Analysts on normal had approaching RIM to acquire $1.19 a share on sales of $5.265 billion after a struggling Canadian association warned on profit, income and shipments on Dec 2.
In a third entertain a year earlier, RIM done $911.1 million, or $1.74 a share.
The inserted year has been mostly downhill for RIM, that done a name with secure, arguable communications for a world's business and supervision elites before branching out into a now-crowded consumer market.
For a stream quarter, RIM expects to spin a distinction of between 80 and 95 cents a share on income of between $4.6 billion and $4.9 billion.
Including a $485 million pre-tax writedown on ignored PlayBook register and a $54 million assign associated to a outage, RIM done a third-quarter distinction of $265 million, or 51 cents a share.
It pronounced it now has roughly 75 million subscribers, adult from a some-more than 70 million it reported during a finish of a second quarter.
"They're still adding a lot of subscribers, though they're not offered adequate phones," pronounced Tavis McCourt, an researcher during Morgan Keegan. "Are business only going to ascent to a iPhone and Android or are they unequivocally that constant where they're going to wait for a improved BlackBerry?"
(Reporting by Alastair Sharp)
News referensi http://news.yahoo.com/rim-q3-profit-falls-27-percent-212855594.html
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3:37 PM Thursday, December 15, 2011