RIM posted a 32% jump in quarterly earnings, but the BlackBerry maker warned of lower average prices for its devices in the current period. RIM said its new tablet would run Android apps. Shares fell about 8% in late trading.
RIM posted a 32% jump in quarterly earnings, but the BlackBerry maker issued a weak outlook for the current period. RIM said its new tablet would run Android apps. Shares fell about 10% in late trading.
By Ashraf Eassa:Advanced Micro Devices (AMD) announced preliminary financial results on 10/11, noting that it would see a 10% sequential drop in revenues against the guided 1% drop, +/- 3%. Further, the company announced that its gross margins would be around 31%, rather than the previously guided 44%, due to both a $100M inventory write down, as well as lower than expected selling prices.
Canada's Research in Motion (RIM), maker of the Blackberry, said Thursday it shipped a record 12 million smartphones in the second quarter and posted results that beat analysts' expectations.The Waterloo, Ontario-based company said BlackBerry smartphone shipments grew more than 45 percent in the second quarter of its fiscal year over the same quarter a year ago to 12.1 million.RIM shipped 11.2 million Blackberry smartphones in the first quarter of its fiscal year and 10.5 million units the previous quarter.