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Thursday, May 31, 2012

RIM President forewarns of loss in Q1


President, Research In Motion (RIM) and makers of BlackBerry, Mr. Thorsten Heins has warned the company is likely to report an operating loss for its next financial quarter, ending June 2, with “lower volumes and highly competitive pricing dynamics in the marketplace” impacting the business.
 

Heins reiterated that the troubled company is undergoing a “significant transformation” as it moved towards the launch of the new BlackBerry 10 OS meaning “financial performance will continue to be challenging for the next few quarters."

The RIM CEO made the comments during a business update, which is part of his previous pledge to provide “candid and timely updates when possible on the progress and challenges RIM is experiencing."


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