Sep
22

RIM y-on-y revenues down 31%

RIM fiscal Q2 revenues fell by almost 31% year-on-year to $2.9bn.

There was some consolation that the revenues moved up compared to the previous quarter.

Hardware made up for 60% of the revenues while service made up for 35% and software and others generated 5%.

RIM shipped 7.4m BlackBerry smartphones during the quarter but just 130,000 PlayBook tablets. The total global BlackBerry subscriber base rose to 80m though.

The figures look desolate when you compare the numbers of Apple and Samsung – iPhone 5 sold 5 million units during the weekend and 20 million Samsung Galaxy S III units sold in 100 days.

As per Thorsten Heins, President and CEO, the company has made significant changes in implementation and the Q2 results reflect that. The company knows that much needs to be done and major organizational changes are needed. The employees are committed for improvements. BlackBerry 10 is on track and will launch in Q1 of 2013.

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