View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 28, 2012

RIM Q2 revenue plunges 31%

The company shipped about 7.4 million BlackBerry smartphones in the quarter

By CBR Staff Writer

BlackBerry maker Research In Motion (RIM) has reported a revenue of $2.9bn for the second quarter of 2013 ended 1 September 2012, down 31%, compared to $4.2bn it reported during corresponding quarter last year.

The revenue however increased 2% compared $2.8bn it reported during the first quarter of 2012.

The company recieved approximately 60% for its revenue from hardware, 35% from service and 5% from software and other revenue.

For the second quarter of fiscal 2013, the company posted a net loss of $235m, or $0.45 per share diluted, compared to a net income of $329m, or $0.63 per share diluted, a year earlier.

The company shipped about 7.4 million BlackBerry smartphones in the quarter and sold 130,000 PlayBook tablets.

RIM president and CEO Thorsten Heins said: "Subscribers grew to approximately 80 million global users, revenue grew sequentially from the first quarter, cash, cash equivalents, short-term and long-term investments increased by approximately $100m to $2.3bn, and carriers and developers are responding well to previews of our upcoming BlackBerry 10 platform."

The company is planning to continue to invest in targeted marketing and sales programmes to drive sales of BlackBerry 7 handheld devices before the expected launch of the BlackBerry 10 smartphones.

Content from our partners
Five key challenges facing the fashion industry
<strong>How to get the best of both worlds in the hybrid cloud</strong>
The key to good corporate cybersecurity is defence in depth

RIM anticipates to report an operating loss in the third quarter of fiscal 2013 as it continues to work through the transition to BlackBerry 10 and complete its cost optimisation and resource efficiency programme.

"Make no mistake about it, we understand that we have much more work to do, but we are making the organizational changes to drive improvements across the company, our employees are committed and motivated, and BlackBerry 10 is on track to launch in the first calendar quarter of 2013,"Heins said.

Earlier this month, RIM had fixed a BlackBerry service outage across parts of Europe, the Middle East and Africa that left users without access for around seven hours.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.