RIM reports Q2 revenue down 10 percent, PlayBook shipped only 200k units

Sep 15, 2011
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BlackBerry maker Research In Motion made its Q2 earnings report today, and things are still looking dreary. Revenue for the quarter fell short of Wall Street expectations if $4.5 billion, falling 10 percent to $4.2 billion, down from $4.6 billion in the same quarter last year. Sales of its PlayBook tablet and BlackBerry smartphones have also been disappointing.

RIM had just introduced several BlackBerry 7 smartphones during the second half of Q2 and was expected to ship 11.6 million units of the devices, but instead shipped 10.6 million units. As for its PlayBook tablet, which shipped 700,000 units in the previous quarter, only 200,000 units were shipped in Q2. It certainly didn't help that the nations third largest carrier also canceled plans to carry 4G WiMAX versions of the PlayBook.

Actual earnings came in at around only $329 million, down from $797 million in the same quarter in the previous year. RIM's Co-CEO Jim Balsillie attributed the overall weak performance to the "lower than expected demand for older models." Balsillie hopes to further push its BlackBerry 7 OS devices while focusing efforts on developing its QNX-based mobile platform for next year.

The recently launched BlackBerry 7 devices include BlackBerry Bold 9900/9930, the BlackBerry Torch 9810, and the BlackBerry Torch 9850/9860.

[via VentureBeat]


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