Research In Motion has made drastic cuts to BlackBerry smartphone prices in India just one day before the Waterloo, Ontario-based vendor is scheduled to report its results for the fourth quarter of fiscal 2012. Several analysts expect RIM to miss Wall Street’s consensus when it announces its earnings results on Thursday, despite having issued lower than expected fourth-quarter guidance. The struggling smartphone vendor dropped prices on multiple models in India by up to 26%, BGR sister site BGR.in reported on Wednesday. Devices that have received price cuts include the BlackBerry Curve 9360, the Curve 9380, the Torch 9860 and the Curve 8520, RIM’s best-selling smartphone in India. RIM beat expectations in the third fiscal quarter when it reported revenue of $5.2 billion and earnings of $1.27 per share, but analysts are bracing themselves for a disappointing fourth quarter. More →
Research In Motion’s increased marketing efforts centered around its “Be Bold” campaign in North America have not paid off according to Canaccord Genuity. Sales of BlackBerry 7 smartphones, and specifically the BlackBerry Bold 9900 and Curve 9360, were poor in February, Canaccord analyst Mike Walkley wrote in a research note late Sunday night. “Our February checks indicated weak sell-through trends for BlackBerry 7 smartphones despite increased marketing efforts,” Walkley told investors. “With very strong share gains for the iPhone 4S, increasingly price-competitive Android smartphones, improving Windows smartphones, and the likely March 7 launch of the iPad 3, we anticipate increasing competition across all of RIM’s products during 2012.” Read on for more. More →
Continuing on its peculiar path for BlackBerry 7 device announcements, RIM finally took the wraps off three new additions to its Curve smartphone line in the middle of the night. The BlackBerry Curve 9350, 9360 and 9370 smartphones, like the Curve models that came before them, take the best of what RIM has to offer and stuff it into an affordable package that sheds the bells and whistles. Spec highlights include RIM’s slimmest Curve design ever, GPS and Wi-Fi support, 5-megapixel cameras and the BlackBerry 7 OS. ”These new models will build on the incredible success of the BlackBerry Curve line and further expand the largest global launch of BlackBerry smartphones in our history,” said RIM Co-CEO Mike Lazaridis in a statement. “The new BlackBerry Curve smartphones are absolutely stunning and offer a significant performance upgrade with an unmatched mobile social experience for the millions of feature phone users in the market as well as our existing Curve customers.” RIM’s new Curve line will launch this month in Canada and beginning next month in additional markets. RIM’s full press release follows below. More →
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 →
Ah, we see you again, BlackBerry Curve (Apollo). We’ve just scored some more hands-on time with RIM’s upcoming next-generation Curve, now named the BlackBerry Curve 9360. That’s what we’re being told is the final model number for this handset, though knowing RIM, there are sure to be some variations on that. This unit feels like a production unit to us, and with a final model number, it can’t be too long before they start infiltrating your local carrier’s store shelves. In the mean time, check out our hands-on gallery below!
P.S. We’ve heard that RIM won’t be using NFC for mobile payments for a “little while.” Instead, RIM will focus its initial NFC efforts on things like contact sharing and adding users to your BlackBerry Messenger list, etc.
We broke the news on practically all of RIM’s 2011 BlackBerry smartphones, and even scored some hands-on time with more than a couple of them. We wanted to take a minute to highlight the new products coming out of Waterloo now that all of the phones have leaked in some form. Remember, a lot of these are codenames that obviously won’t make it to retail — this is how the company keeps track of the devices internally and sometimes a single product can have multiple codenames. More →
Here’s some interesting information for you BlackBerry lovers out there. We finally have some firm details surrounding the GSM counterpart to the Malibu, which will be a CDMA Curve Touch launching late fall. The GSM BlackBerry Curve Touch, which will feature nearly identical specs, of course, has been seen recently by a trusted source who noted that the device featured T-Mobile branding and would be unveiled at BlackBerry World next month. Compared to the rest of the 2011 Curve lineup, the device is actually a much smaller full touchscreen Curve. It’s similar to the BlackBerry Touch, with the same proportions as the BlackBerry Orlando (Curve with a touchscreen and full QWERTY keyboard) and the BlackBerry Apollo that we leaked back in January. The GSM BlackBerry Curve Touch will launch around June or July, we’ve been told.
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 →
Just when you thought you couldn’t wait any longer, we go and snag an internal PowerPoint shot of some super-duper BlackBerry document. OS 4.5 is currently targeted for a mid-September launch on AT&T for the BlackBerry 8120, BlackBerry 8820, BlackBerry 8310, and BlackBerry 8300. We’ve covered the updates in the new OS, but for a quick recap, you’ve got HTML email and formatting, remote server search, free/busy calendar lookup, video recording, improved media player, and Office document editing on the devices. Mid-September it is, with those devices shipping pre-loaded in mid-October with OS 4.5. Click through for the larger shot.