Feeds

RIM warns investors, greets developers

Blames slowed development cycle

Next gen security for virtualised datacentres

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. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?