“Research In Motion shares declined 5.6% to $69.88 in heavy volume following the Canadian company’s report that fourth-quarter earnings were $710.1 million, or $1.27 a share, compared with $518.3 million, or 90 cents a share, for the same period a year ago. Revenue at the BlackBerry mobile devices maker jumped 18% to $4.08 billion,” Mozee reports. “Analysts polled by FactSet Research were looking for $1.28 a share on revenue of $4.3 billion.”
“The company’s forecast for the first quarter came in above market consensus,” Mozee reports. “Research In Motion expects per-share earnings of $1.31 to $1.38 on revenue of $4.25 billion to $4.45 billion. Analysts currently expect earnings of $1.23 a share on $4.35 billion in sales.”
Full article here.
In a brief blog post for The Wall Street Journal, Roger Cheng reports, “Research in Motion’s fourth-quarter results fell below expectations, cementing concern that its Blackberry phones are losing ground to higher profile Android phones and the Apple iPhone.”
Full article here.
Time for the “beleagured” moniker to precede all RIM references.
A small miss.
They made money, more than last year, but less than the so-called “experts” who are always surprised when there are “larger-than-expected job losses”, so RIM’s stock goes lower.
I’m not intending to defend RIM, just mocking the “experts”.
These guys are still a player. An 18% increase in revenues in this economy and with a product that has certainly run its course, in comparison to the iPhone, that is nothing to sneeze at. There are a whole mess of people who will never buy a iPhone and the alternatives are not all that great, so RIM has a solid place in the game for a number of years. Unless of course the iPhone goes also to Verizon ….
My questions is this. Are Android phones really that high profile? Anyone know their numbers compared to peers?
Disjointed reporting, the news isn’t that bad. Apple needs to competition and RIM is good.
Owning and Using a Smart phone is like going to a weekend Rave.
And RIM is the funny guy wearing the high water pants and wing tip shoes. A nice guy, great attitude but, he’ll be going home with the same girl in the bright yellow dress with horn rim glasses and buck teeth that he always goes home with at the end of every Rave.
They are just out of place and out of step, and just cool enough to still hook-up with someone.
I have an idea. RIM has been blowing it with the whole buy one get one free concept. Sure, it inflates their numbers and helps them look good, but it’s not attracting new customers. I want to suggest that with each new purchase, they give you a free iPhone.
Now that’s a promotion!
for any reason rim is defying gravity. we don’t know why and we surely don’t want it to be. but it doesn’t help to make up any “misses” or “disappointments” or anything. this company is growing, selling more phones any quarter than apple does. dammit.
but let’s be real here, mdn.
and mdn, we’re big boys (and a few gals, maybe) we can handle the truth, how many units did they ship?
The shares are up 20% from a 50 day low.
Harvest time. And then be patient.
Rinse. Repeat.
And to think for a time (back in the months before the iPhone launch) how AAPL and RIMM’s stock seemed to move in lockstep. Both up or both down the same day and about the same percentage.
That ship sailed looonnnnnnnng ago.
p.s. Also, RIMM lovers, don’t forget that RIMM has frequently offered 2-for-1 phones.
“Analysts polled by FactSet Research were looking for $1.28 a share on revenue of $4.3 billion.” They are blind. RIMM had a good quarter. The economy is still sucking and in some respects getting worse.
What the analysts and the market are reacting to (admittedly irrationally) is that for the quarter ended 12/26/09, Apple made $5.578 Billion on their iPhone (and related products and services) with 8.73 million iphones sold. Compared to the previous year, Apple made $2.94 Billion and sold 4.36 million iPhones. That was a 90% YOY increase in profit and 100% YOY increase in number of iphones sold. Apple sold 20% fewer phones but made 26% more revenue. (MarketWatch.com – RIM sold 10.5 million phones for the quarter)
does RIM offer the 2 for 1 deals, or does the carrier to lock up contracts?
@jonricmd
<< [Apple made] a 90% YOY increase in profit and 100% YOY increase in number of iphones sold. Apple sold 20% fewer phones but made 26% more revenue >>
Is anyone else confused, or is it just me?
@Shado Control
I am quoting from Apple’s 12/26/09 quarterly Q-10 form that is filed with the SEC. (http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Mjc1MjJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1). It is a PDF. On page 35, it lists the relevant details. YOY = year over year. I found the number of units sold by RIM on the MarketWatch website (http://www.marketwatch.com/story/research-in-motion-results-due-in-evening-session-2010-03-31)