Feeds

RIM warns investors, greets developers

Blames slowed development cycle

Top 5 reasons to deploy VMware with Tegile

Last week RIM slipped out a profit warning to investors, letting them know that its previous forecasts were on the optimistic side and delays in device launches were hurting.

RIM has told its investors that sales for the last quarter will be "slightly below" the $5.2bn it had predicted, and that profits will drop more than 11 per cent from the predictions made last month. Investors took the news badly, with RIM's shares dropping by a similar amount in after-hours trading, as the Financial Times notes.

The warning came while a significant proportion of the world was preparing to sit down and watch the royal wedding, and RIM's developer community was looking forward to the BlackBerry World event which is now underway. That event has already seen the launch of two new handsets and an updated handset OS, as well as integrated support for companies deploying a mix of BlackBerry and iPhone devices.

But it is the delayed launch of those handsets that RIM blames for the profit warning. Apparently sales of the old kit have been disappointing, and Jim Balsillie, co-CEO of RIM, admitted the company had hoped to have the new devices on the shelves by now.

Making the announcement directly before the BlackBerry World event might help obscure a decline in sales, as long as it can be turned around before it becomes too obvious to hide. ®

Security for virtualized datacentres

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
ISPs' post-net-neutrality world is built on 'bribes' says Tim Berners-Lee
Father of the worldwide web is extremely peeved over pay-per-packet-type plans
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
Drag queens: Oh, don't be so bitchy, Facebook! Let us use our stage names
Handbags at dawn over free content ad network's ID policy
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.