RIM Reports Dismal Earnings, Pushes Back Release Of Blackberry 10
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- Published on Friday, 29 June 2012 17:44
- Written by Sourced Information
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US (CNN Money): FORTUNE -- BlackBerry maker Research in Motion reported a wider-than-expected loss and yet another delay of its long-awaited BlackBerry 10 operating system on Thursday, marking a new low point in the company's downward spiral.
The bad news isn't entirely surprising. Just last month, newish CEO Thorsten Heins warned that "lower volumes and highly competitive pricing dynamics in the marketplace" would likely result in an operating loss for the quarter, and that the company's financial performance would continue to be challenged for the next few quarters. Shares fell 17% to 7.60 in Friday premarket trading.
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