“Research In Motion Ltd. reported profit and sales that missed analysts’ estimates after delaying the release of the BlackBerry Bold phone in the U.S., its biggest market. The shares fell 8.7 percent in late trading,” Vivek Shankar reports for Bloomberg. (RIM reported net income of $495.5 million, or 86 cents a share. Analysts predicted a profit of 87 cents on average, according to a Bloomberg survey. Revenue of $2.58 billion, compared with the average projection of $2.59 billion from analysts.)
“The Bold, a faster version of the BlackBerry e-mail phone, is Research In Motion’s response to Apple Inc.’s updated iPhone,” Shankar reports.
MacDailyNews Take: That was some response: “It’s here. The new BlackBerry Bold. Twice the price. Half the device.“
Shankar continues, “Research In Motion, based in Waterloo, Ontario, dropped to $89 in late trading after rising 82 cents to $97.53 at 4 p.m. New York time in Nasdaq Stock Market trading. The shares have dropped 14 percent this year.”
Full article here.
[Thanks to MacDailyNews Reader “Jarvis” for the heads up.]
Bloodbath.
Apple shares are getting hit hard in after hours trading. I think this is going to drag on Apple tomorrow.
Its ok, Obamahood and our great Congress will bail them out, at OUR expense………
Wow you barely miss target and you get hammered and if you exceed target you get hammered – Life sucks
@ericdano
Dude, we can’t win no matter who becomes President. The size of Government increased faster under George W. Bush than at anytime since the 1930s. On top of that he made the idiotic decision to start a pointless war AND simultaneously cut taxes.
Now we have McCain promising crap that sounds like more big government, promising to keep the war going until, well, whenever, and also promising to not raise taxes.
I’m a conservative also, hell I’m a libertarian, but at least with Obama he’s telling ya up front he’s gonna get the money from you!!!!
Obama sucks period. McCain is a better alternative.
“BlackBerry-maker RIM profit misses estimates; shares drop in late trading”
Ha, now they hope their semi monopoly in business will keep them afloat.
What I’m not understanding is that AAPL got hammered hard in after-hours trading – but the fact is that people are buying their product in droves, and that is what is crushing RIMM. So one would think that AAPL would spike, right? I know, it’s pessimism about the smartphone market. That’s just stupid. Smartphones are selling – they just happen to be coming from Apple.
It will be the same selfish intolerant fools who voted for Bush twice that will put McCain in the White House. It’s that half of America that should be replace with new immigrants.
@Ted
The polls are indicating otherwise…
Back to the topic….the article says that a lot of people have put off purchases in waiting for the Bold. I do not think that this drop means anything.
I’m with you. But according to Jim Goldman at CNBC missing Blackberry buyers may have been waiting for the Pearl. He says we won’t know for sure until Apple’s earnings are released.
Crushing? Blackberry is selling their share of devices too, which are at fire sale prices right now due to pending model refresh / new models so I think 4thQ / 1Q09 will be a very different report as new devices drive growth. I hardly call missing by 1 cent awful. Let’s face it the economy is having a major impact on everything.
I love how lately MDN doesn’t report any negative news on Apple but it’s expected .. we are on a Apple news site. Reality is Apple is in dire space of losing both a number of indepent developers due to the AppStore fiascos of late and every week brings yet another security risk to light with iphone.
Just today I had 4 different emails about recent iphone security alerts and why the device is being allowed to connect to our Exchange environement. Likely our Security / Compliance areas will remove the iphone from the allowed device list until security concerns are addressed.
Add that to the growing interest in the Verizon Thunder/Storm and Apple better hope they keep getting people buying the iphone. If Verizon comes out at $299 with the floated specs it will be a huge drain on whatever hype Apple has been riding.
@ted
I wish.
The guy is basically actuarial corpse with what amounts to a freaky evil office manager for a running mate and she could become the next president if he bites the dust in the next 4 years. Together the two of them don’t seem to be able to form a coherent sentence let alone inspire the masses with their great leadership qualities.
And then theres Obama.
This guy looks good in a suit, has that wonderful African-American tonal quality in his voice, and speaks with the cadence of a Baptist Preacher. As a result he has a cult of personality bigger than (dare I say it) Steve Jobs. He’s about as substantive as smoke though, and you’ll have an easier time nailing jello to the wall than you will figuring out exactly where he stands on anything.
And the country seems to be stuck on deciding exactly who is less qualified, Palin or Obama.
Is that nuts or what? The Republicans have given us a ticket with all the imagination of a dead cactus and the Democrats have gone out of their way to demonstrate the problems with affirmative action.
We’re screwed either way.
All we can do is hope that whoever wins just leaves the economy alone. For once, just leave it the hell alone. Let the winners win, the losers lose.
That anyone would vote McCain is just mind boggling.
Kinda like the definition of insanity really…”doing the same thing over and over and expecting different results.”
Love it! Chance to buy the stock cheaper. RIM is still going to grow massively. It’s not like they didn’t report a profit. They did grow 70% over last year. Given the new spending on R&D;and advertising, the company is firing on all cylinders. They are going to add 2.9 million new users next quarter vs. 2.6 million this quarter. MDN will never learn. Mobileadmin brings up some very good points…
Obama always scared me, but lately McCain is really scaring me to death. “Hell to the no” on McCain….Obama is underqualified..but he has a better likelihood of asking for help when its needed. I am certain now that the terrorists would prefer McCain in office…he’s a ticking time bomb…exactly what they specialize in!
They moved 6.1 million BlackBerrys. That’s with I don’t know how many models at prices that bottom out at like $49 and sales in some of the biggest markets where the iPhone still isn’t sold.
Apple would be right on their heels if they can report 5 million iPhone 3Gs. One model in limited national and global reach with a much higher average selling price.
Holidays might be different, though. The required in-store activation and no prepay might hurt for gift sales compared to last year.
Crazylegs is probably right!
Speaking of crazylegs….I was reading about when Katie Couric asked how Alaska’s closeness to Russia enhanced her foreign policy experience, Palin said, “Well, it certainly does because our … our next-door neighbors are foreign countries.”
Alaska shares a border with Canada.
She is SUCH a lightweightthat its scary. Imagine 44 years old and has never been out of North America.
must be election season, it only took two posts for this thread to get hijacked… lol
I don’t think some of our friends want to discuss the Palin interview with Katie Couric, Buster.
It is PAINFUL to watch.
Slackberrys are are getting head stomped just like Palm did. That guy up there that claims he is a mobile admin is on a serious acid trip. He is clueless.
@thelonius
you must not read much. there’s plenty of places to find out where one candidate or the other stands on issues. you should totally start thinking and not spouting talking points from either side. it may help you in the long run!
that being said, people aren’t getting 2000 McCain, they’re getting I’m Gonna Do What Rove Would Do McCain. He’s lost his credibility and integrity. Oh, wait, he was a POW, guess it’s OK! Just like cheating on your wife and helping to get us into this financial mess in the first place! Woohoo!
OK, you’re now free to point out Obama’s association with Rev Wright (which will prove you know no black people since what the rev was saying is really what many, many black people in good ol’ USA think/believe) and any other flimsy links to try to bring down the candidate.
Anyway, hahaha, suck it RIM! Your products are boring and they are already showing their age.
iPhone, bitch!
I love politics. The hypocrisy and double standards that are applied are astounding.
Guys like Bill O’Reilly rag on Brittney Spears trampy little sister and then scream outrage when people bring up Palins trampy little daughter.
Then you have the other side ragging on Palin’s inexperience and McCain’s age, health, and the fact that he is “more of the same”. Never mind that Obama is as limited in experience as Palin is and Biden is an aging good old boy with his own health issues!
Consistency – gotta love it!
Please name me one thing the BlackBerry can do that the iPhone can’t do.
I am not talking about carriers, but the actual hardware features.
I don’t think there is anything a BB can do that an iPhone can’t do, but I do believe that are several things an iPhone can do that a BB can’t do.
Jim – TIV “must be election season, it only took two posts for this thread to get hijacked… lol”
I think there might be an election coming up or something..
Actually, if this thread hijacking could be limited to pre election season at least that would be some progress.
btw how are you hanging in there Jim?