Sunday, December 25, 2011

RIM delays QNX phones, offers dismal outlook

RIM delays QNX phones, offers dismal outlook

TORONTO (Reuters) - Research In Motion posted a pointy dump in distinction on Thursday, offering a gloomy opinion for BlackBerry shipments around Christmas and behind a approaching attainment of a make-or-break renovate of a smartphones, promulgation a shares tumbling.

RIM's shares strew some-more than 7 percent after a association pronounced it did not design to recover a line of BlackBerrys versed with a new QNX handling system until late subsequent year, prolonged after a initial guarantee of a first-quarter delivery.

It was a latest in a prolonged array of setbacks for a association that once dominated a smartphone marketplace but, to a discomfit of investors, is now struggling to keep gait with a innovations of Apple Inc and other rivals.

To make matters worse, RIM pronounced it would boat only 11 million to 12 million smartphones in a weeks around Christmas, a operation that lines RIM adult for a initial quarter-to-quarter decrease in 6 years during a essential sales season.

The approaching dump bodes feeble for RIM as it was banking on an softened BlackBerry 7 line, versed with a bequest handling system, to branch defections until it could recover a QNX line.

"The matter that they incited in a bad entertain shouldn't come as a startle to anybody," pronounced John Jackson, an researcher during CCS Insight in Boston. "I consider a some-more critical emanate for RIM is that it is rarely misleading accurately when they're going to be means spin things around."

The Waterloo, Ontario-based association has been counting on a new handling complement to make adult belligerent mislaid to Apple's iPhone and iPad and a slew of inclination that make use of Google's Android software.

RIM's marketplace share, quite in a United States, has usually eroded and a share price, down about 73 percent this year, has followed suit.

During a discussion call with analysts, RIM explained that a QNX check was required so it could make use of some-more absolute and energy-efficient chipsets approaching to arrive in mid-2012.

"By afterwards a ecosystem runs a risk of being abandoned," pronounced Colin Gillis, an researcher during BGC Partners in New York.

"They've already got temperate developer support and afterwards they're going to be rolling out these phones right pound in a (midst) of an iPhone 5 (launch) many likely," he said, referring to a subsequent iteration of Apple's smartphone.

The gloomy holiday opinion for between 11 million and 12 million smartphones compares with 14.1 million in a prior entertain and 14.8 million in a Christmas entertain final year.

"If consumer direct slows for their product a things is going to lay there and we could start saying a ratcheting-down of units shipped and that's a large concern," Gillis said.

Even if RIM hits a high finish of a Christmas entertain conveyance aim it will boat fewer BlackBerrys in this mercantile year than a prior one, a initial ever such decline.

RIM's co-chief executives Mike Lazaridis and Jim Balsillie, in an apparent bid to cold financier annoy during their leadership, pronounced they concluded to take an evident compensate cut to $1. The span are also RIM's dual largest shareholders and share a chairmanship of a board.

BY THE NUMBERS

Most of a numbers posted by RIM on Thursday were in line with a warning done by a association on Dec 2, including a outrageous writedown on unsold register of a unloved PlayBook inscription or a assign for an annoying tellurian use outage in October.

RIM incited in an practiced distinction during $667 million, or $1.27 a share, in a third entertain finished on Nov 26.

The Canadian association generated income of $5.17 billion, shifting from $5.5 billion a year earlier.

Analysts on normal had approaching RIM to acquire $1.19 a share on sales of $5.27 billion after a company's warning.

In a third entertain a year earlier, RIM done $911.1 million, or $1.74 a share.

The inserted year has been mostly downhill for RIM, that done a name with secure, arguable communications for a world's business and supervision elites before branching out into a now-crowded consumer market.

For a stream quarter, RIM expects to spin a distinction of between 80 and 95 cents a share on income of between $4.6 billion and $4.9 billion.

SUBCRIPTIONS RISE

Including a $485 million pre-tax writedown on ignored PlayBook register and a $54 million assign associated to a outage, RIM done a third-quarter distinction of $265 million, or 51 cents a share.

It pronounced it now has roughly 75 million subscribers, adult from a some-more than 70 million it reported during a finish of a second quarter.

"They're still adding a lot of subscribers, though they're not offered adequate phones," pronounced Tavis McCourt, an researcher during Morgan Keegan. "Are business only going to ascent to a iPhone and Android or are they unequivocally that constant where they're going to wait for a improved BlackBerry?"

The batch fell to $14 in after-hours Nasdaq trade, after shutting during $15.13. In February, only forward of a PlayBook's launch, RIM shares altered hands for as most as $70.

(Additional stating by Cameron French, Allison Martell, Jon Cook and Claire Sibonney; Editing by Frank McGurty)


News referensi http://news.yahoo.com/rim-q3-profit-falls-27-percent-212855594.html Also On shopping

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