Blackberry firm Research in Motion hurt by tablet cost Skip to main content

Blackberry firm Research in Motion hurt by tablet cost

Research in Motion's new Blackberry Playbook tablet computer The company's co-chief executive claimed clients had interest for tens of thousands of new Playbooks

Related Stories

Shares in Research in Motion (RIM) fell 12% in after-hours trading after the firm said profits this quarter will be much weaker than expected.
It blamed the cost of developing its new tablet-format Blackberry, as well as a migration of consumers towards cheaper handsets in its product range.
The share price fall came despite the Canadian firm reporting $934m (£579m) net profits for the last quarter, in line with expectations.
Profits were up 31% on a year earlier.
'Investments in the future' Revenues of $5.6bn - up 36% - were slightly short of expectations, according to the results released after the close of trading on the Nasdaq exchange.
The company has seen its share of its core US market steadily eroded by smartphone rivals.
Some 48% of its business now comes from outside the key markets of the US, Canada and the UK.
But growth in these new markets has gone hand-in-hand with a shift towards lower-margin entry-point products, the firm conceded.
RIM is banking on its new tablet computer - the Playbook - to regain the initiative.
It will be half the size of Apple's iPad and will be compatible with Google's Android operating system.
"These are investments in the future," said co-chief executive Jim Balsillie, explaining the unexpected increase in money spent on research, development, sales and market.
"I have many corporate clients that have approached us about, you know, each wanting tens of thousands, several tens of thousands of Playbooks."
As well as the new product launch, the company is also revamping its operating system.
The firm lowered its profit guidance for the current quarter, and also broadened its range due to uncertainty over the possible impact of Japanese supply chain problems.

http://www.bbc.co.uk/news/business-12856657
Labels:

Comments

Post a Comment

Popular posts from this blog

Chronology of the Press in Burma

1836 – 1846 * During this period the first English-language newspaper was launched under British-ruled Tenasserim, southern  Burma . The first ethnic Karen-language and Burmese-language newspapers also appear in this period.     March 3, 1836 —The first English-language newspaper,  The Maulmain Chronicle , appears in the city of Moulmein in British-ruled Tenasserim. The paper, first published by a British official named E.A. Blundell, continued up until the 1950s. September 1842 —Tavoy’s  Hsa-tu-gaw  (the  Morning Star ), a monthly publication in the Karen-language of  Sgaw ,  is established by the Baptist mission. It is the first ethnic language newspaper. Circulation reached about three hundred until its publication ceased in 1849. January 1843 —The Baptist mission publishes a monthly newspaper, the Christian  Dhamma  Thadinsa  (the  Religious Herald ), in ...
Post a Comment
Read more

Sri Bhaddanta Chandramani Mahathera

The Life Story of A Distinguished And Outstanding Bhikkhu The Most Venerable Saradawpharagree Sri Bhaddanta Chandramani Mahathera The Buddhist missionary Saradaw Ashin U Chandramani was endowed with great gifts and led a famous and long life. He was a very well known, distinguished and outstanding Bhikkhu Mahathera. While living in the Kushinagar Monastery, a place close to where the Lord Buddha had passed away to Nirvana, the Government of India had offered, and he had accepted, the highest, most honourable and respected title "Guru Guru MahaGuru". He became the first ever President of all Buddhists in India.A World Buddhist Conference took place in Kathmandu during the reign of King Mahindra of Nepal. The Conference was very well attended by over one hundred thousand Buddhists from various parts of the world and it was opened by King Mahindra himself. As requested by the King, Saradawpharagree blessed all the participants with the power of Triple Gems...
Post a Comment
Read more

Thai penis whitening trend raises eyebrows

Image copyright LELUXHOSPITAL Image caption Authorities warn the procedure could be quite painful A supposed trend of penis whitening has captivated Thailand in recent days and left it asking if the country's beauty industry is taking things too far. Skin whitening is nothing new in many Asian countries, where darker skin is often associated with outdoor labour, therefore, being poorer. But even so, when a clip of a clinic's latest intriguing procedure was posted online, it quickly went viral. Thailand's health ministry has since issued a warning over the procedure. The BBC Thai service spoke to one patient who had undergone the treatment, who told them: "I wanted to feel more confident in my swimming briefs". The 30-year-old said his first session of several was two months ago, and he had since seen a definite change in the shade. 'What for?' The original Facebook post from the clinic offering the treatment, which uses lasers to break do...
1 comment
Read more