RIM released their Q3 results [Warning: PDF] yesterday. The good news is that RIM reported numbers that beat revenue expectations. Here’s the highlights:
• Cash increase of approximately $600 million to $2.9 billion
• Cash flow from operations was approximately $950 million
• Revenue of $2.7 billion
• GAAP net income from continuing operations of $14 million, or $0.03 per share diluted, including a $166 million favorable tax settlement
• Adjusted net loss of $114 million, or $0.22 per share diluted
• Shipments of 6.9 million smartphones and 255,000 PlayBooks
One thing about the last item. Those are shipments to carriers and retailers and NOT sales.
Here’s the bad news. Actually two pieces of bad news. RIM’s chief information officer Robin Bienfait is leaving the company at the end of this year. Hmmmm….. Read into that what you will. Here’s the second piece of bad news. The user base has shrunk to 79 million users. That’s going to hurt as it is possible that even with BB10 that these users have moved on to other smartphones.
The true test will be to see what happens at the end of January. That’s when RIM will stage a stunning comeback, or become another Palm.
RIM Drops The Word “App” From Their App Store
Posted in Commentary with tags BlackBerry, RIM on January 21, 2013 by itnerdI’m guessing that the fact that the word “app” isn’t part of the BlackBerry App World is part of the upcoming BlackBerry 10 rollout. Let’s see what this blog post has to say:
Hey #TeamBlackBerry, if you were up at the wee hours of the morning today, you may have noticed a change to the BlackBerry App World web store. It is now simply called BlackBerry World. The naming change reflects a shift in the type of things you can purchase from the store as we transition to BlackBerry 10 and beyond.
As we mentioned back at BlackBerry Jam Americas, BlackBerry World will have much more than just apps – it will now be home to Videos and Music as well. BlackBerry World is going to be the one-stop shop for all of your mobile entertainment needs.
So, they’re taking an Apple like approach to try to be a “one stop shop.” Interesting strategy. I wonder if it will pay off? I guess we’ll find out at the end of the month when their media event is scheduled to take place.
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