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Research In Motion said its quarterly earnings and gross margin would come in at the ... BlackBerry News forum

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    hayden's Avatar
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    BlackBerry-maker RIM outlook disappoints, shares drop 12 percent

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    Research In Motion said its quarterly earnings and gross margin would come in at the low end of expectations even as subscriber growth topped forecasts, a warning that sent shares of the BlackBerry maker down almost 12 percent on Wednesday.

    Analysts said RIM was able to attract new subscribers with flashy smartphones such as the touch-screen Storm or high-end Bold, but its existing customers were not upgrading their devices as frequently with economic conditions weak.

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    Quote Originally Posted by hayden View Post
    Research In Motion said its quarterly earnings and gross margin would come in at the low end of expectations even as subscriber growth topped forecasts, a warning that sent shares of the BlackBerry maker down almost 12 percent on Wednesday.

    Analysts said RIM was able to attract new subscribers with flashy smartphones such as the touch-screen Storm or high-end Bold, but its existing customers were not upgrading their devices as frequently with economic conditions weak or are switching to Apple's iPhone.

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    fixed it. lol

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    lol. funny

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    the devices in the US market are still very costly. for those customers who always want the latest and greatest aren't getting their full discount because new blackberry devices are coming out all the time. but thats the same thing with any smartphone. plus a lot of the sales reps for a lot of the differen providers aren't right fitting people for the device or not doing a great job of keeping them in the blackberry device. they want to put them into the iphone or the g1 etc because those are the devices that are making them money.

    i think RIM will be okay. especially with what their rumored lineup is to be this year
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