Feeds

RIM cuts Q4 subscriber forecast - again

Despite buoyant Q3 results

Intelligent flash storage arrays

Research in Motion (RIM) saw its sales continue to rise during its most recently completed quarter despite the uncertainty surrounding the outcome of its legal battle with patent holder NTP. However, the company once again cut the number of new subscribers it hopes to sign up in the current quarter.

For the three months to 26 November 2005, RIM's Q3 FY2006, the company reported revenues of $560.6m, up 53 per cent year on year and 14.4 per cent sequentially. Once again, the company's BlackBerry hardware accounted for 70 per cent of its revenues, the rest coming from services (19 per cent), software (seven per cent) and other items (four per cent).

Net income for the quarter came to $120.1m (61 cents a share), up 8.1 per cent on the previous quarter and 32.9 per cent on Q3 FY2005's income.

RIM shipped 1.1m BlackBerries in the quarter and added approximately 645,000 new subscriber accounts, within the reduced, 625,000-653,200 range it forecast last month. At the end of the quarter, RIM's subscriber account base stood at around 4.3m.

The firm said it hopes to add 700,000-750,000 new subscriber accounts during the quarter - or around 50,000 fewer than it forecast in November 2005, when it also scaled back its anticipated new-subscriber numbers. Then, it said it was hoping 751,750-800,250 new accounts would be opened.

For the current quarter, which comes to a close on 4 March 2006, RIM said it expects revenues in the range $590-620m, making for a 5.2-10.6 per cent sequential increase. Earnings will fall in the 76-81 cents a share range, it added.

Further out, Q1 FY2007, when ends 3 June 2006, will yield revenues of $610-650m and earnings of 77-84 cents a share, RIM forecast. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.