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RIM (RIMM) may have agreed to eliminate fees for consumer services in exchange for BB10 purchase...

RIM (RIMM) may have agreed to eliminate fees for consumer services in exchange for BB10 purchase commitments from carriers, thinks Jefferies' Peter Misek, citing build plan checks and management's unwillingness to talk about consumer revenue during RIM's earnings call. Enterprises who want advanced security/management features will pay the normal rate, but Thorsten Heins admitted many smaller businesses are unlikely to buy. Citi notes services account for about 3/4 of gross profits. Shares -16.4%. (FQ3: I, II, III)
Comments (1)
  • So why would they provide a service other cellphone makers are not providing for free? It costs money to provide those services.
    And by the way, speculating about them reducing these fees is not new.
    21 Dec 2012, 09:33 AM Reply Like
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