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RIM Collapsing? BlackBerry Sales Drop 43% in a Quarter
Canadian tech giant Research in Motion, the beleaguered maker of BlackBerry phones and tablets, suffered what was arguably its worst hit yet Thursday.
The company revealed that sales were down a stunning 43% on the previous quarter -- a loss per share of 28 cents.
How bad is that? Analysts, prepared by abstract warnings of bad news from CEO Thorston Heins, had been predicting dire outcomes, but few had gone higher than a 14 cent per share loss. The average was a 3-cent loss. (The company halted trading Wednesday afternoon before the earnings report was released; shares slid 18% in after-hours trading.)
RIM's share of the global smartphone market had dropped by half in the firs…
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More About: blackberry, BlackBerry 10, RIM, thorston heins, trending
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