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RIM suffers as it waits for a turnaround — Tech News and Analysis

September 16th 2011 in Mobile

Research in Motion struggled through a tough transitional quarter — with revenue, profits and shipments down as it waited for a new generation of handsets to kickstart sales. The smartphone maker reported second quarter fiscal 2012 revenue of $4.2 billion, which was down 15 percent from the previous quarter, and down 10 percent from the year-ago quarter. Profit plummeted to $329 million, down from $695 in the previous quarter and $797 million a year go.

Shipments of handsets came in at 10.6 million units, down from 12.1 million devices a year ago. And the PlayBook tablet mustered just 200,000 units, about what Apple manages in a couple days of iPad sales.

via RIM suffers as it waits for a turnaround — Tech News and Analysis.

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