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RIM on the Way Out: Posts Major Loss and Delays BlackBerry 10

Jun 28 2012, 4:11pm CDT | by , in News | Mobile Phones

RIM on the Way Out: Posts Major Loss and Delays BlackBerry 10

RIM posts worse numbers for their Fiscal Q1 2012 (Press release says title says Q1 2013 - RIM is doomed!). The net loss for the last quarter is $518 on $2.8 billion in revenues.

RIM, the maker of BlackBerry, was already expected to report gloom Q1 2012 numbers. The reality is though worse than expected. The revenue is down 33% and the company posts a loss of $518 on revenues of $2.2 billion.

On top of that, RIM cuts 5,000 jobs and delays BlackBerry 10 to Q1 2013. Sorry. Nobody needs a new BlackBerry OS next year. Microsoft will take all your Apple and Google hating customers.

Via RIM.

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