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March 30, 2012 02:00 am GMT
Research In Motion, maker of the once ubiquitous BlackBerry, just released its Q4 2012 earnings. They're not good. Revenue dropped to $4.2 billion, down 19% from the third quarter. Likewise, BlackBerry sales plummeted 21% from Q3 down to 11.1M units, but surprising, PlayBook sales were way up to 500k units. One of the company's former co-CEO's Jim Balsillie resigned amid what we're hearing are deep layoffs throughout the company.This is the first set of financial data released under the new CEO, Thorsten Heins. Even though there are black clouds looming over Waterloo, as my headline states, it's time to believe in RIM again. The conditions are right for a rebirth.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fIEFwK4z4ME/
Its Time To Believe In RIM And The BlackBerry Again
Research In Motion, maker of the once ubiquitous BlackBerry, just released its Q4 2012 earnings. They're not good. Revenue dropped to $4.2 billion, down 19% from the third quarter. Likewise, BlackBerry sales plummeted 21% from Q3 down to 11.1M units, but surprising, PlayBook sales were way up to 500k units. One of the company's former co-CEO's Jim Balsillie resigned amid what we're hearing are deep layoffs throughout the company.This is the first set of financial data released under the new CEO, Thorsten Heins. Even though there are black clouds looming over Waterloo, as my headline states, it's time to believe in RIM again. The conditions are right for a rebirth.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fIEFwK4z4ME/
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