Research in Motion Returns to Profitability in Latest Quarter
Research In Motion says it sold about 1 million of its critically important new BlackBerry 10 devices and returned to profitability in the most recent quarter.
Research In Motion says it sold about 1 million of its critically important new BlackBerry 10 devices and returned to profitability in the most recent quarter.
Research In Motion Ltd reported a smaller-than-expected quarterly loss on Thursday and the struggling BlackBerry maker managed to increase its cash pile in the run-up to the launch of its make-or-break line of next generation devices.
You know things are going from bad to worse for BlackBerry farmer Research In Motion when some of the stodgiest companies on the planet start trading in their BlackBerry smartphones for shiny new iPhones. The most recent defector from RIM: Halliburton, the fuddy-duddy oil-field services giant that critics associate with the Deepwater Horizon oil spill disaster, Dick Cheney, and no-bid contracts in Iraq.
Apple recently introduced iMessage, a new service that lets users send text messages, photos and videos between all Apple devices. This could challenge Research in Motion's BlackBerry Messenger service, which has been a unique selling point as the company struggles to compete with Google's Android and Apple's iPhone.
Investors have abandoned Research In Motion, which may finally make it a good investment again. Twenty months ago, the smartphone company's shares traded at $85. The stock now changes hands at around $49. But there are good reasons to expect that it won't stay that low for long.
The BlackBerry PlayBook tablet computer debuts Tuesday, and for the many folks in the corporate world already armed with BlackBerry phones, the addition of a PlayBook may make sense. But there are a host of reasons why the average consumer may find the device not quite ready for the spotlight.
Research In Motion's plans to make its BlackBerry Messenger service available as an app on Androids and iPhones will get its signature software in front of a wider audience. But will RIM's initiative win new customers, or cannibalize its already failing smartphone market share?
Kodak has accused Apple and Research in Motion of infringing on one of its digital-imaging patents with the iPhone and BlackBerry smartphones. But the International Trade Commission in Washington has ruled against Kodak in a preliminary decision.
Research In Motion CEO Jim Balsillie blasted Apple for "distortion" on Tuesday after CEO Steve Jobs said iPad sales had surpassed the BlackBerry. The comparison isn't, well, apples to apples because the quarters ended at different times, he says.
Smartphone shipments and phones based on the Android operating system posted double-digit second-quarter gains despite a still-weak economy, according to a report released today.
Research In Motion has agreed to purchase for cancellation 1,530,000 of its outstanding common shares for an aggregate purchase price of approximately $79.8 million, or about $52.16 per share.











