Blackberry maker RIM profits fall sharply
www.bbc.co.uk - Monday, September 19th, 2011 at 6:21 PM
Blackberry manufacturer Research in Motion (RIM) has seen its second-quarter profits more than halve, hurt by low demand for its older models.
The firm rolled out new smartphones but only late in the quarter.
Net profit fell to $329m (£208m) for the three months to 27 August, from $797m in the same period a year earlier.
In July, the company said it would cut 2,000 jobs – 11% of its workforce – as part of a shake-up of its operations.
Revenue for the second quarter fell to $4.2bn, a drop of 10% on the same three months last year.
During the quarter, RIM shipped some 10.6 million Blackberry smartphones and about 200,000 Blackberry PlayBook tablets, which was well below analysts’ expectations.
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