RIM reports Q4 miss; Balsillie resigns as director, CTO and COO both out

By on March 29, 2012 at 4:45 PM.

RIM reports Q4 miss; Balsillie resigns as director, CTO and COO both out

With expectations at an all-time low and analysts lowering estimates left and right, Research In Motion on Thursday reported its results for the fourth fiscal quarter of 2012. RIM posted a surprising beat in the third fiscal quarter when it managed earnings of $1.27 per share on $5.2 billion in sales. At the same time, however, the Waterloo, Ontario-based BlackBerry maker issued worse than expected fourth-quarter EPS guidance of between $0.80 and $0.95, and it said revenue would likely fall between $4.6 billion and $4.98 billion. RIM has now confirmed adjusted net income of $0.80 per share, on revenue of $4.2 billion, down sequentially from $5.2 billion despite the launch of multiple new BlackBerry 7 smartphone models. Read on for more. More →

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BlackBerry Bold 9790 launch causes mayhem, 90 injured in Indonesia [video]

By on November 25, 2011 at 3:30 PM.

BlackBerry Bold 9790 launch causes mayhem, 90 injured in Indonesia [video]

A 50% discount on the just-launched BlackBerry Bold 9790 had mall shoppers in a frenzy in Jakarta, Indonesia on Friday. Reportedly, as many as 90 people were injured after shoppers fell out of line and into a disorderly crowd when word came out that the retailer selling the device wouldn’t have enough units to satisfy demand. Three people needed to be hospitalized for broken bones and more than 200 police officers and mall security officials were required to restore peace. According to The Jakarta Globa, the BlackBerry Bold 9790 typically retails for Rp 4.6 million in Indonesia ($520) and BlackBerry is the top brand in the region; four of the top five selling smartphones in the Indonesia right now are BlackBerry devices. A video of the massive crowd that gathered for the 9790 launch follows below. More →

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BlackBerry Torch 9810, Torch 9850/9860 unveiled

By on August 3, 2011 at 7:11 AM.

BlackBerry Torch 9810, Torch 9850/9860 unveiled

Three torches, two form factors, one goal: silence the critics. Research In Motion on Wednesday unveiled three new additions to the popular Torch family, the Torch 9810, the Torch 9850 and the Torch 9860. The latter two handsets are GSM and CDMA variants of the same device, a full touchscreen smartphone that hopes to pick up where the Storm series left off. Launching later this month with AT&T, the Torch 9810 is a touchscreen smartphone with a QWERTY slider that one-ups the original Torch in nearly every area. Both phones carry the new BlackBerry 7 operating system — no, not QNX, we’re afraid — on top of big, bright displays and solid hardware. RIM noted that in combination with the already-announced Bold 9900, these smartphones will launch on more than 225 carriers around the world. “This is the largest global launch of BlackBerry smartphones in our history,” said RIM Co-CEO Mike Lazaridis in a statement. “The BlackBerry solution offers a best-in-class mobile communications experience that customers love and we think they will be thrilled by the faster performance, enhanced browsing and richer multimedia delivered by these powerful new BlackBerry Bold and BlackBerry Torch smartphones.” The new Torches and the Bold 9900 will begin rolling out later this month. RIM’s full press release follows below. More →

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T-Mobile BlackBerry Bold 9900 could launch on August 31st

By on August 2, 2011 at 8:10 PM.

T-Mobile BlackBerry Bold 9900 could launch on August 31st

RIM officially revealed the BlackBerry Bold 9900 earlier this year during its annual BlackBerry World tradeshow and now it appears carriers are finally preparing to launch the phone. PhoneArena has obtained a leaked internal T-Mobile screenshot that suggests the phone will become available on August 31st. It also mentions that there will be a $50 mail-in rebate but does not confirm the subsidized price of the Bold 9900. BlackBerry fans will appreciate the device’s thinner design, more powerful hardware, and revamped BlackBerry 7 operating system, but this device doesn’t stray far from those that came before it. We expect we’ll hear more of a confirmation on its official launch date in the coming weeks. More →

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RIM is bloody but not dead yet, RBC says

By on June 17, 2011 at 9:45 AM.

RIM is bloody but not dead yet, RBC says

In a note to investors Friday morning, RBC Capital Markets Managing Director Mike Abramsky lowered his target on shares of RIM stock from $45 to $35 with a Sector Perform rating. Following yesterday’s bloodbath, shares of RIM stock plummeted by as much as 19% after-hours on concerns surrounding RIM’s second-quarter and full-year outlook. The Waterloo, Ontario-based company slashed its full-year EPS outlook from $7.50 to between $5 and $6.50, and it said second-quarter earnings could be as low as $0.75 per share. Abramsky remains cautiously optimistic, however. “Disappointing Q1 results validates prior execution concerns amidst competitive pressures,” he writes. “Although it’s possible RIM fails to turn itself around, that outcome may be premature, we believe, given sustained positives.” The analyst notes 16% year-over-year growth, 68 million total subscribers, service growth and enterprise leadership among the yesterday’s bright spots, and says RIM’s strategy with QNX, TAT-built user interfaces and Android app support “remains sound.” He adds that the impact of BlackBerry 7 devices this fall and then QNX-based handsets, which are expected in the first quarter of 2012, could make RIM an “attractive acquisition candidate.”

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RIM reports Q1 earnings: misses analyst estimates, Q2 outlook misses, layoffs coming

By on June 16, 2011 at 4:32 PM.

RIM reports Q1 earnings: misses analyst estimates, Q2 outlook misses, layoffs coming

Research In Motion on Thursday reported earnings for the first quarter of fiscal 2012. After cutting its first-quarter outlook at the end of April, RIM’s May quarter came in below analyst estimates. First quarter revenue came in at $4.9 billion versus the Street’s estimate of $5.5 billion, and device shipments totalled 13.2 million versus expectations of 13.5 million. Net income for the quarter was $695 million, down from $769 million in the same quarter a year earlier. Earnings per share in the first quarter beat estimates by a penny at $1.33. RIM’s revenue for the quarter breaks down as 78% hardware, 20% service, and 2% software and other revenue. In the second quarter, RIM trimmed its outlook to $4.2-$4.5 billion in revenue, significantly under the Street’s consensus of $5.46 billion. RIM’s second-quarter EPS forecast is just $0.75-$1.05 versus $1.40 consensus. For the full year, RIM cut its EPS outlook from $7.50 to between $5.25 and $6 per share. “Fiscal 2012 has gotten off to a challenging start,” RIM Co-CEO Jim Balsillie said in a statement. “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 also said it would soon begin a “program to streamline operations” that will involve job cuts. Shares of RIM stock opened down 15% in after-hours trading. RIM’s full press release follows below. More →

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RIM to add foursquare support to BBM

By on May 3, 2011 at 8:15 PM.

RIM to add foursquare support to BBM

During the BlackBerry World Keynote in Orlando this morning, Research In Motion announced that it is working with foursquare to include support for the social-network in an upcoming version of BlackBerry Messenger. Users will be able to share their location information as their BBM status, but RIM execs didn’t go into much detail on how check-ins will work or just how feature rich the implementation will be. The native foursquare client, for example, allows users to find nearby deals, compete with friends for check-in points, and more. RIM did not say when the client would make its debut, although we suspect it will be around the launch of its BlackBerry 7 powered Bold 9900, which will occur later this summer. More →

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BlackBerry Bold 9900 / 9930 hands-on!

By on May 2, 2011 at 9:46 AM.

BlackBerry Bold 9900 / 9930 hands-on!

We’re here in Orlando at RIM’s BlackBerry World developer event and have scored some more hands-on time with the recently announced BlackBerry Bold 9900/9930… and we’re pretty impressed with what we see so far. The Bold 9900 felt light in the hand, but definitely had a premium feel thanks to its thin form factor and metal accents around the body — it’s also the thinnest BlackBerry to date. The new BlackBerry 7 operating system was very snappy and we didn’t experience any lag when bouncing around the new OS, likely thanks to the 1.2GHz processor under its hood. The keyboard reminds us a lot of the original BlackBerry Bold 9000, and the form factor is more akin to that phone than the handset it is replacing, the 9700. The industrial design of the phone is solid, but we do wish RIM would venture away from a form factor that’s feeling pretty stale. We’ll need to spend more time with BlackBerry 7, but superficially it looks nearly identical to BlackBerry 6 — which could be a positive or negative depending on your viewpoint. We’re excited to see what RIM does with the built-in NFC technology, and the faster processor should definitely open the flood gates to more robust applications in the future. We’ve assembled a gallery of photos for your scrutiny. Have a look and let us know what you think of RIM’s latest creation.

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RIM reports Q4 earnings; revenue misses estimates despite record shipments

By on March 24, 2011 at 4:35 PM.

RIM reports Q4 earnings; revenue misses estimates despite record shipments

Shares of Research in Motion stock declined over 12% after hours on Thursday as the company reported its fourth-quarter earnings for its 2011 fiscal year. RIM reported revenue that missed Wall Street’s consensus on device shipments that exceeded expectations by 200,000 units. Fourth-quarter revenue came in at $5.6 billion, just below the $5.64 billion analysts expected. Device shipments for the quarter totalled 14.9 million units, beating estimates of 14.7 million units, and full-year shipments were a record 52.3 million units — a 43% improvement over the year prior. Full-year revenue of $19.9 billion grew 33% over the 2010 fiscal year and net income was up 47% year-over-year to $3.4 billion. “We are pleased to report record shipments and financial performance in fiscal 2011,” said RIM’s Co-CEO Jim Balsillie in a statement. “As we enter fiscal 2012, RIM is in an excellent position to benefit from the continuing convergence of the mobile communications and mobile computing markets. We are laying a strong foundation for RIM’s expanding market opportunity through focused investments and we are extremely excited about our smartphone, tablet and platform roadmaps.” Hit the break for the full press release. More →

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Verizon Wireless’ BlackBerry Bold 9650 and Curve 3G get OS 6 update

By on January 25, 2011 at 4:40 PM.

Verizon Wireless’ BlackBerry Bold 9650 and Curve 3G get OS 6 update

Verizon Wireless on Tuesday made RIM’s latest BlackBerry operating system available for the BlackBerry Bold 9650 and BlackBerry Curve 3G smartphones. BlackBerry 6 is now available for both devices and will be pushed to customers as an over-the-air update beginning Tuesday evening at 8:00PM Eastern Time. Customers may also update their smartphones using the BlackBerry Desktop Manager software. Updates compared to version 5 of the BlackBerry OS include a redesigned UI, universal search functionality and RIM’s highly anticipated HTML-capable browser. More →

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All AT&T phones on sale starting at 1¢ from AmazonWireless

By on November 12, 2010 at 2:02 AM.

All AT&T phones on sale starting at 1¢ from AmazonWireless

AmazonWireless announced Thursday that all AT&T phones on its website are now on sale. The popular online retailer is offering smartphones and feature phones from AT&T for as little as 1¢. The sale even includes just-released Windows Phone 7-powered smartphones from AT&T, like the HTC Surround. Here are some highlights:

•BlackBerry Torch: 1¢
•HTC Surround: 1¢
•LG Quantum: 1¢
•Motorola BACKFLIP: 1¢
•Motorola BRAVO: 1¢
•Motorola CHARM: 1¢
•Motorola FLIPOUT: 1¢
•Motorola FLIPSIDE: 1¢
•Palm Pixi Plus: 1¢
•Palm Pre Plus: 1¢
•Samsung Captivate: 1¢

The sale will run from Thursday through Monday, November 15th, and sale prices require two-year agreements. During the sale period, Amazon Prime members will also have their activations fees waived. More →

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BlackBerry Bold pulled from shelves in Japan

By on February 27, 2009 at 11:11 AM.

BlackBerry Bold pulled from shelves in Japan

It looks like four bands of HSPA is too much for a BlackBerry to handle as Japanese carrier DoCoMo has suspended all sales of the Bold due to overheating issues. Since its February 20th launch, DoCoMo has sold approximately 4,000 Bolds but after receiving more than 30 complaints about overheating keypads while charging, DoCoMo decided it was best to halt sales while RIM investigates the matter. RIM is being quite tight-lipped on the matter and would only comment with, “This issue appears to be specifically limited to the BlackBerry Bold devices sold in Japan since last week and sales of BlackBerry Bold devices in other countries are unaffected by this matter.” RIM went on to clarify that faulty batteries are not to blame. For those of you scoring at home, this brings the number of carriers that have suspended sales of the Bold up to two thus far. Anyone taking bets on who might be the third?

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