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BlackBerry Playbook
RIM stock plummets in after hours trading after it reports fiscal Q2 earnings

We reported earlier today that dark clouds were looming over Research In Motion. This afternoon, RIM announced its fiscal Q2 earnings [PDF] and things aren't looking so pretty. The company reported net income of $695 million for the quarter compared to $934 million in fiscal Q1. Its fiscal Q2 earnings were also down compared to the $769 million in made in the same quarter last year.

RIM stock is taking a beating in after hours trading, currently down 15.11 percent to $29.93.

When it comes to hardware sales, RIM announced that it shipped over 13 million BlackBerry smartphones and roughly 500,000 Playbook tablets. RIM wouldn't specify how many Playbooks it has actually sold at this point. 

For his part, RIM Co-CEO Jim Balsille had this to say about this company's performance during fiscal Q2: 

Fiscal 2012 has gotten off to a challenging start. The slowdown we saw in the first quarter is continuing into Q2, and delays in new product introductions into the very late part of August is leading to a lower than expected outlook in the second quarter. RIM’s business is profitable and remains solid overall with growing market share in numerous markets around the world and a strong balance sheet with almost $3 billion in cash. We believe that with the new products scheduled for launch in the next few months and realigning our cost structure, RIM will see strong profit growth in the latter part of fiscal 2012. 

As a result of its latest misfortunes, RIM also announced that it will "streamline operations", which means that a "headcount reduction" will take place. RIM didn't go into specifics on how many workers will lose their jobs, but the company has a current workforce of about 17,500 employees.

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RE: Marketing speak
By Tony Swash on 6/17/2011 2:40:29 PM , Rating: 2
RIM shipped 500,000 of them already just in North America, and they are launching it in 16 more first world countries (Western Europe, etc) right now, so you can just stuff it like all the other engadget clowns who don't know sh1t

and next time when you read the "OOOHHH AAAHHHH I'm ejaculating in your mouths guys 'cause I'm holding THE HOLY IPHONE 5 GRRRZOMG!!!!!!111!! IN MY HANDS!!!!" reviews from engadget - you will remember my words. unless you are a tony swash clone of course. I don't understand how people can believe these Steve Jobs deep throating cock suckers at engadget and other pro-Apple "review" sites. come on folks MAKE YOUR OWN JUDGEMENT, DON'T LET yet another Jobs cock sucker on a secret Apple payroll to skew your decision making with their so called "reviews" - REVIEW THE STUFF YOURSELF! who are you guys, real men who can think for themselves or are you Apple sheep/Engadget sheep/Gizmodo sheep? come on, don't disappoint me.

I'm talking about my real experience and you are showing me Apple propaganda from Gizmodo in response? really? nice try Chaser AKA Tony Swash 2.0, didn't expect THAT from ya buddy...

You may want to calm down a bit mate - you know - for your health's sake - it's only a consumer durable. You might also consider where all the homo-erotic/phobic imagery comes from - perhaps seek some help and friendly advice - sort a few things out.

I don't want to get you going again but by the time the Playbook is launched in all those countries RIM will be worth about tuppence at the current rate of decline.

RE: Marketing speak
By Pirks on 6/17/2011 2:44:00 PM , Rating: 2
Mike Dell said the same about Apple once. Hello there Tony Swash AKA Mike Dell 2.0

"We can't expect users to use common sense. That would eliminate the need for all sorts of legislation, committees, oversight and lawyers." -- Christopher Jennings
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