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BlackBerry 7

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

March 29th, 2012

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, …

RIM: ‘Grim and getting grimmer’

March 26th, 2012

Research In Motion is set to report its results for the fourth fiscal quarter and full fiscal year on Thursday, and Wall Street is bracing itself for another disappointing quarter. RIM’s fourth-quarter guidance came in worse than expected when the company posted its third-quarter results, and now several analysts are lowering their expectations even further. Pulling …

BlackBerry 7 sales stall, PlayBook sell-through remains sluggish

November 21st, 2011

Research In Motion’s latest run of BlackBerry smartphones was reportedly well-received early on, with checks from a number of sources having indicated strong upgrade sales for several phone models. Demand has apparently been waning lately however, as strong competition from the likes of Android and Apple’s iPhone has drawn attention away from sleek new BlackBerry phones like …

BlackBerry 7 smartphones dying in sleep, company confirms

November 19th, 2011

There have been reports of BlackBerry Bold 9900 and 9930 devices failing to power on after being left to charge all night. Late Friday evening, RIM confirmed the issue by saying a “limited number of customers have reported an issue where their device does not power on.” A RIM spokesperson said the company is “actively …

Canaccord sees strong global BlackBerry 7 sales in September

October 11th, 2011

Global sales of Research In Motion’s latest round of BlackBerry smartphones were solid in September according to checks performed by Canaccord’s Mike Walkley. The analyst said in a research note on Monday that initial sales of RIM’s new phones such as the BlackBerry Bold 9900 and BlackBerry Torch 9810 have been strong, especially among enterprise customers …

Despite RIM’s rough quarter, Macquarie ‘pounding the table’ on rebound

September 19th, 2011

In spite of Research In Motion’s recent fiscal second-quarter earnings report, which missed Wall Street’s consensus and RIM’s own estimates, not everyone is jumping ship just yet. Investment bank Macquarie Capital Markets reiterated its Outperform rating on RIM stock this past Friday, and it maintained its 12-month price target of $42. The firm noted that …

RBC: RIM’s turnaround remains cloudy

September 8th, 2011

While sales of Research In Motion’s brand new BlackBerry 7 devices won’t be reflected in RIM’s second-quarter earnings report next week, analysts still aren’t sold that the device launches have positioned RIM to rebound. In a note to investors on Thursday morning, RBC Capital Markets analyst Mike Abramsky wrote that he expects RIM’s earnings in the …