To say that yesterday wasn’t a good day for Research in Motion would be a bit of an understatement. The company announced second quarter fiscal 2012 results yesterday and pretty much everything said was a disappointment. It looks like, however, RIM’s night may have been even worse. The stock (RIMM) price dropped almost 22% in after-hours trading down $-6.45 to $23.09 one hour before the markets open.
Archives for September 2011
Rumors about the QNX powered BlackBerry Colt started spreading a little over a month ago and yesterday during RIM’s Q2 Fiscal 2012 earnings call, Mike Lazaridis and Jim Balsillie both confirmed that QNX powered BlackBerry smartphones will be previewed at BlackBerry DevCon 2011 next month.
The future of Research in Motion and the BlackBerry hinges on the companies ability to deliver on QNX. It will be interesting to see what RIM comes up with…
Yesterday during Research in Motion’s second quarter Fiscal 2012 results earnings call co-CEO Jim Balsillie announced that a “major feature update”, BlackBerry Tablet OS v2, for the BlackBerry PlayBook will be previewed next month at BlackBerry DevCon and launch shortly after that. BlackBerry Tablet OS v2 is expected to bring the native email, calendar, and tasks support as well as the Android App Player to the BlackBerry PlayBook.
Research in Motion reported reported Second Quarter Fiscal 2012 results today, and, to make a long story short, the fat lady ain’t singing, but, she’s definitely warming up backstage. Even though RIM surpassed $1 billion in revenue for the first time and the BlackBerry subscriber base grew over 40% to over 70 million users, Second Quarter Fiscal 2012 results can be summed up into one word… Disappointing.
Research In Motion Reports Second Quarter Fiscal 2012 Results
WATERLOO, ONTARIO–(Marketwire – Sept. 15, 2011) – Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported second quarter results for the three months ended August 27, 2011 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
- Revenue in the second quarter was $4.2 billion and service revenue surpassed $1 billion for the first time
- GAAP net income of $329 million or $0.63 per fully diluted share; adjusted net income of $419 million or $0.80 per fully diluted share
- The BlackBerry subscriber base grew 40% year over year to surpass 70 million
- RIM’s largest roll-out of BlackBerry smartphones was initiated with 7 new smartphones launched with over 90 carrier and distribution partners in 30 countries during the latter part of Q2
- Approximately $780 million was invested as part of a consortium of companies that successfully bid to acquire intellectual property assets from Nortel
- BlackBerry smartphone shipments in Q3 are estimated to grow between 27-37% over Q2 shipments
It looks like BlackBerry Bridge, the application that allows you to Bluetooth tether your BlackBerry smartphone to your BlackBerry PlayBook, has been updated to v220.127.116.11. If past history is at all indicative of what is going to happen next, an update to BlackBerry Tablet OS, the software that runs on the BlackBerry PlayBook, is imminent.
You can pick BlackBerry Bridge v18.104.22.168 up in BlackBerry App World.
We just received notification this morning that eBuddy XMS, an extremely popular cross platform instant messaging app on the iPhone and Android, is now available for the BlackBerry. One of the cool features of eBuddy XMS is that, like BlackBerry Messenger, it supports sending, sent & read notifications.
eBuddy XMS isn’t yet available in BlackBerry App World, but you can download it OTA to your device by visiting www.ebuddyxms.com. We are downloading eBuddy XMS for BlackBerry as we type this post, so, we aren’t ready to put a review up just yet. If you decide to check it out, however, we would love to see what you think in the comments.
It’s been a few months since we last talked about the BlackBerry Bold 9790, the yet to be officially announced new BlackBerry 7 device with all the hotness of the BlackBerry Bold 9930, sporting a 1.2 GHz processor and a touchscreen, but, closer in size to the BlackBerry Bold 9650/97xx. Rumor has it, however, that the BlackBerry Bold 9790 could launch as soon as next month.
With the release of BlackBerry App World 3.0 Research in Motion updated the BlackBerry App World home page, and, for a brief time, a mock-up of BlackBerry Messenger for the BlackBerry PlayBook was featured. The BlackBerry Messenger for BlackBerry PlayBook mock-up has been removed, but, it does make us wonder if BBM for the PlayBook is coming sooner rather than later…
Episode #82 of the SMRpodcast, Is it Still a Smartphone?, is online and ready for download. It’s the second week in a row that we have a full cast and we cover a lot. Be sure to check out our Picks this week as we’ve got some really good ones and we want to remind everyone that we are giving away three 1-year, 30 GB SugarSync cloud based file sync and online backup accounts. See the full show notes after the break…