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RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss

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Research in Motion headquarters

RIM may have given us hope that its transition to BlackBerry 10 has turned a corner, but that doesn’t mean the dark clouds have entirely broken just yet. The company’s second fiscal quarter saw it generate $2.9 billion in revenue, a slight gain over last quarter, while it posted a net loss of $235 million — again better than expected, but not the best news it could deliver. Waterloo’s main challenge was holding on to its smartphone base. While RIM did expand the total BlackBerry user base to 80 million, its phone shipments dropped from 7.8 million to 7.4 million and were braced by shipments of just 130,000 PlayBooks, or half as many tablets as were delivered in the spring.

The sunshine is mostly found in the total picture. RIM says it’s still on track to deliver the first BlackBerry 10 phones in early 2013; while the smartphone maker is bracing for an operating loss in its ongoing third quarter, the higher revenue and reduced losses suggest to CEO Thorsten Heins that RIM is getting its fiscal house in order before BlackBerry 10 (hopefully) renews interest. Full details of the company’s financial performance are available after the break.

Continue reading RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss

Filed under: Cellphones, Tablets, Mobile

RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss originally appeared on Engadget on Thu, 27 Sep 2012 16:09:00 EDT. Please see our terms for use of feeds.

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