Thursday, June 28, 2012

RIM announces Q1 earnings: $518 million net loss, 5,000 job cuts, BB10 not due until Q1 2013

RIM announces Q1 earnings: $518 million net loss, 5,000 job cuts, BB10 not due until Q1 2013

The last quarter has been about as rough as they come for RIM, and it's now detailed just how things stacked up in terms of hard numbers. For the first quarter of its 2013 fiscal year, the company brought in $2.8 billion in revenue, down a full 33 percent from the prior quarter, while it reported a net loss of $518 million - much worse than analysts were expecting.

Engadget , RIM announces Q1 earnings: $518 million net loss, 5,000 job cuts, BB10 not due until Q1 2013, RIM announces Q1 earnings: $518 million net loss, 5,000 job cuts, BB10 not due until Q1 2013

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