Blackberry on the Slide? ; RIM profits halved in second quarter of this year.
Research in Motion (RIM); the makers of Blackberry products, have seen their second-quarter profits fall sharply. It is thought that this has happened due to low demand for their older models, in addition to the underwhelming performance of the new Blackberry PlayBook tablets.
Net profit has fallen from $797m in the three months up until the end of august last year to $329m this year. This has come amidst news that the company is to cut 11% of its workforce in cost saving measures, with 2000 people set to lose their jobs as a result. Further compounding the RIM's misery was news that their shares fell by more than 10% in after-hours trading in New York in wake of the announcement, with investors seemingly lacking confidence in the long term health of the Blackberry brand.
This recent fall in profits can be partly explained by the fact that profits for their new Blackberry smartphones were not fully taken into account in these figures, as these products were only released late in the quarter. Still, it is an alarming turn of fortunes, and something RIM will surely seek to resolve in the coming months.
Related products: BlackBerry Ringtone Maker
By Joe Sheldon
Mac Software
Hot Suite
- More for Less Promotion
- DVD to iPod Suite for Mac
- Mac DVD Toolkit
- iPhone Software Suite for Mac
- Media Toolkit Ultimate for Mac
MP4 Software
iPad/iPhone/iPod Software
- iPad Max Platinum for Mac
- DVD to iPad Converter for Mac
- iPad to Mac Transfer
- iPad Max for Mac
- iPad Video Converter for Mac
- iPhone Max Platinum for Mac
- iPhone Max for Mac
- iPhone Apps Transfer for Mac
- iPhone Ringtone Maker for Mac
- iPhone Video Converter for Mac
- iPhone to Mac Transfer
- iPod Max Platinum for Mac
- iPod Max for Mac
- iPod Video Converter for Mac
- DVD to iPod Converter for Mac
- iPod to Mac Transfer
Video Converter
- Video Converter for Mac
- Movie Editor for Mac
- HD Video Converter for Mac
- Apple TV Video Converter for Mac
- Online Video Converter for Mac
- Video Editor for Mac
- HEVC-H.265 Converter for Mac
DVD/CD/Blu Ray Software
Windows Software
Hot Suite
iPad/iPhone/iPod Software
- iPad Max Platinum
- iPad Max
- iPad Video Converter
- iPad to PC Transfer
- iPhone Apps Transfer
- Blu-ray to iPad Converter
- YouTube to iPad Converter
- iPhone Max Platinum
- iPhone Ringtone Maker
- iPhone Video Converter
- iPhone Transfer
- iPhone Contacts Transfer
- iPod Max Platinum
- iPod to PC Transfer
- iPod Video Converter
Video Converter
- Video Cutter 2
- Video Converter
- Online Video Converter
- HD Video Converter
- 3GP Video Converter
- MP4 to MP3 Converter
- MP3 Converter
- MP4 Converter
- PS3 Video Converter
- DPG Converter
- HEVC/H.265 Converter
DVD/CD/Blu Ray Software
PPT/PDF Software
Articles
- How to download YouTube videos for free
- How to download/convert YouTube videos to iPod
- How to download and convert YouTube videos
- All features of apple iPhone
- Now you can get more TV offerings from Apple iTunes
- Video Streamer HAVA from Snappy Multimedia
- iPod Growth Driving Demand for Flash Memory
- MediaMan HVX-3500 Review
- Uncertain whether new iPod will be delayed or not because of hurdles
- T3's top five iPod alternatives
- Envivio Exhibits MPEG-4 Solutions from Mobile to HD at CCBN2006