Feeds

RIM warns investors, greets developers

Blames slowed development cycle

Providing a secure and efficient Helpdesk

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
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
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
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.