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Research In Motion says on its earnings call (webcast) it expects FQ1 revenue to decline from...

Research In Motion says on its earnings call (webcast) it expects FQ1 revenue to decline from FQ4's $4.19B; the consensus is for $4.26B. RIM also expects its gross margin to face ongoing pressure, and FY13 subscriber growth to fall from FY12's level. It also wants to achieve over $1B in annual cost savings through a restructuring program, and plans to abandon most consumer markets. RIMM now down 2.3% AH. (more)
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Comments (4)
  • TKO
    , contributor
    Comments (156) | Send Message
     
    Phone sales should be used as nothing more than a cash cow at this point (R&D expenses as sunk cost). Their remaining value is in patents and network infrastructure. They need to sell themselves to someone who can leverage their remaining competitive advantage in secure mobile networking. There are many suitors, but only one of them has the chance to make it work -- Microsoft. They are trying desperately to make inroad into the growing smartphone market share where they once held a sizable share. Acquiring a competitive advantage in business mobile solutions and RIM's subscriber base can provide a significant leg-up for Microsoft. Instead of combining everything into one windows phone, they could use this opportunity to keep their current line of windows phones separate and introduce a "business oriented" line of windows phones incorporating key RIM security features as well as that fantastic keyboard (or not) so as not to make the same mistake as RIM and attempt to capture the consumer market with a business-oriented phone.
    29 Mar 2012, 06:21 PM Reply Like
  • talltannedcc
    , contributor
    Comments (35) | Send Message
     
    glad to see rimm realizing they can't compete in the consumer market ..mind you having fun with my $200 playbook, let rimm go back to it's roots, the business enterprise
    29 Mar 2012, 08:51 PM Reply Like
  • chabig
    , contributor
    Comments (562) | Send Message
     
    Trouble is, the business market isn't lucrative. Sales will tank further.
    29 Mar 2012, 09:27 PM Reply Like
  • webmind
    , contributor
    Comments (1230) | Send Message
     
    Wow, you took the words right out of my mouth. Great minds think alike :)
    30 Mar 2012, 12:36 AM Reply Like
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