Menu
Blackberry shares slide on disappointing outlook

Blackberry shares slide on disappointing outlook

Blackberry manufacturer Research In Motion has offered a disappointing financial outlook, causing its share price to drop five percent.

The BlackBerry maker actually reported first quarter results that were slightly up on the predictions of analysts. The company's revenue jumped to US$3.42 billion from $2.24 billion and RIM added another 3.8 million new Blackberry subscribers, bringing the number of Blackberry owners almost 29 million.

Analysts had expected revenue of $3.4 billion.

However, for the second quarter, that ends on 29 August, RIM predicted revenue of between $3.45 billion and $3.7 billion, and earnings per share of between 94 cents and $1.03.

Technology analyst Carmi Levy told Reuters that RIM's outlook is still robust. "They see it as a threat," he said of RIM's attitude toward rivals' new handsets and their aggressive prices. "They just don't see it as highly likely that it's really going to take them down significantly."


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags Blackberryinternational news

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments