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Thursday, Sep 27
2012, 6:07 PM
Emerging markets such as South Africa and Indonesia allowed Research In Motion to beat low...
Emerging markets such as South Africa and Indonesia allowed Research In Motion to beat low FQ2 estimates - CEO Thorsten Heins nearly admitted as much during RIM's earnings call (live blog), though he also named the U.K. as a relatively strong market. Two things that are plunging: U.S. sales (now 22% of revenue, much of it from software/services) and headcount (over half of RIM's 5K planned job cuts are done). Heins claims RIM is on track to shed $1B/year in annual expenses by the end of FY13. RIMM +18.2% AH.