RIM has rare revenue surprise – and not in a good way

Posted on 25 September 2009 by


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RIM, makers of the wildly popular BlackBerry smartphones, reported earnings for Q2 yesterday that fell short of expected levels. The company blamed the settlement of patent litigation with Visto for lower current quarter earnings and set the stage for reduced Q3 earnings. During the earnings call RIM said that 80% of all new subscribers were from non-enterprise markets. While that growth in non-business users is impressive it also could be dangerous since RIM’s aging operating system seems to perpetually play catch up with other phones such as iPhone, Windows Mobile and Android in terms of features and applications. One new tidbit to emerge from the earnings call was the mention of a new “services” platform but unfortunately no details on what that platform will include or when it may arrive.

RIM via Business Insider image via ChrisD.ca

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Wayne is a diehard Blackberry user and consultant specializing in Sage MAS90 Accounting Software. He lives in Glastonbury CT with his two children. When not helping them with their homework or pushing the latest school fundraiser off on his co-workers, he is active hiking, Scuba Diving and investigating all manner of technology.

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