First Q1 loss since 2004 predicted for RIM - Mobile World Live

First Q1 loss since 2004 predicted for RIM

28 JUN 2012

RIM has been forecast to make a first Q1 operating loss, its first since 2004, fuelling speculation that its failure to create a best-selling device will lead to losses for the rest of the year. Bloomberg reports that 31 analysts on average forecasted an operating profit of US$105 million for the fiscal year ending next March while 14 predicted a loss that could total US$36.3 million. “BB10 will buy them some time, but… I think they are in a decline”, said Wedbush Securities analyst Scott Sunderland. RIM is due to announce its first quarter results later today.

Author

Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

Read more

Related

Tags