RIM sees profits climb ever higher, yet misses the mark

I guess RIM isn’t failing as quickly as many of you hope it does…

Long live RIM!

OS 6.0 looked SO yummy at WES2010! Can’t wait!!

It’s funny how profiting isn’t good enough…

So where all all those people stating how RIM will be outta the game in a year?

i guess the bulk of it is the Curve lineup. still a mid-entry-level smartphone, and there is still out there a block of people who wouldn’t jump from keyboard to touch.
with Blackberry 6 they will cover the “touch-hungry” among us, so they will keep up with demand.

Definitely dying because they’re not the cool kids on the block. *Rolls eyes*

Most of those profits are from carriers liquidating phones on specialsblike BoGo deals which means nothing. Consumers are dumb and RIM knows this. Consumers are dumb as shit, and the carriers know this.

I think the 9800 has impacted some of the sales as many hold-off on upgrades waiting for it to be released.

The currency troubles with the Euro might have played a factor in revenue but EPS is solid and margins are holding strong which shows they’re keeping costs in check.

A solid quarter but the OS refresh and 9800 should give a boost for the 2nd quarter if they can get them out before the end of August.

I wonder if RIM is still committed to Sure press. I think if they release something like a 4 inch smart phone with no sure press but capacitive touch it will do impressively well.

OS 6 looks like an improvement and for competition sake, they keep pushing their OS forward.

Couple things to answer everybody

1) surepress will NOT be on the Torch9800
2) the EPS (profit) posted takes into consideration euro fluctuations, as they hedge against currency (so euro isnt an issue)
3) the curve outsold the bold (basically), thats why you have the profit beat (due to better margins from curve), and also the lower ASP of $300 versus 305.
4) wallstreet is stupid. company is doing great but they are getting bashed on the street. they are now trading at 8 times forward earnings – extremely cheap! Garmin who is crap and going to have its industry wiped out due to smartphone takeover, nevermind its particular business, is trading at a higher PE. It’s ridiculious the manipulation that goes on.
5) The company actually beat earnings by 4 cents, which is a BLOWOUT! that is HUGE!
6) Revenue missed ‘expecations’ by about 100 million, based on 300$ ASP, thats only 330,000 phones. When you compare that to the 11.2 million they sold, had they hit 11.5 the revenue would have been inline. So, revenue is a function of units sold. They are also expecting a lot of upgrades to come in Q2 (what we are in now), its probably going to be all those people going to the 9800 on ATT! Hopefully it releases mid-august.

RIMM is as irrationally pessimistically priced today as it was irrationally optimistically priced in the 140s in 2007. They are still growing, are in a secular growing business, and are doing the right things with their capital. It’s smart to buy tons of shares when the stock is so cheap. When everyone hates it is when you buy it. The relative differences in mkt share that the various smartphone vendors will show over the next few years will pale in comparison to the absolute growth they all will experience. Besides, RIM announced crap this quarter and still sold a record amount of devices. That should tell you something. For all the naysayers they still earned three quarters of a billion dollars, and actual cash flow is even higher. Buy stocks in growing businesses that people hate. Typically, you make lots of money doing that.

Long live RIM! LOVE my rim product! WAITING TO UPGRADE to another RIM product!

2+ year RIM customer (2 devices), but abandoning for Android come the first of the month. I’m not the only one… expect some market share to be lost moving forward given that RIM no longer merely lags behind with innovation (which is okay when you offer stability and security) but is not even keeping pace with the market. In 2010, a $200 phone better have an operational browser and decent hardware and software. No current RIM phone has these things…

I’ve had three RIM devices and I have dispised every single one of them. If work didn’t foot my cell bill I’d have another device by now.

There is absolutely NOTHING good about a Blackberry other than the fact it does email well.

They are without a doubt a company on the downturn.

lol @ “the street” and their predictions. Here’s a fact for you all: RIM shipped it’s 100 millionth BlackBerry last quarter. Why is this special? Because more than 50 million of those came within the last 18 months alone.