Today, RIM released financial results for Q1 of fiscal year 2013. Company speak needs to end and management should apologize to investors for running a crap-ass business. Here is the rundown.
- Revenue of $2.8 billion, down 33% from last quarter and 43% year-over-year.
- Loss of $518 million.
- Shipments (not sales) of only 7.8 million BlackBerry smartphones.
- Shipments (not sales) of a measley 260,000 BlackBerry PlayBook tablets.
- RIM’s supposed savior, the BlackBerry 10 platform, has once again been delayed - not launching until 2013.
This is ugly. They aren’t selling current devices because they suck in comparison to offerings from Google, Microsoft, and Apple. They won’t sell the next-generation devices because they keep getting delayed. In the meantime, consumers are forgeting the BlackBerry brand. We are about at the point where BlackBerry will be known as an antiquated business tool that our parents once owned.