The Paleo Recipe Book

Monday, April 2, 2012

Market awaits RIM results

Analysts are keeping their expectations low for Research In Motion's quarterly earnings this afternoon, noting RIM's international sales have been slowing and it will likely be months before consumers can get the new breed of BlackBerry.

RIM will release its fourth-quarter earnings after markets close at 4 p.m. ET with new CEO Thorsten Heins delivering the financial report, his first as the chief executive of the company based in Waterloo, Ont.

Heins took over from co-CEOs Jim Balsillie and Mike Lazaridis in late January amid shareholder unrest over the company's weak stock price and strategic direction.

Once a global leader in smartphone technology, RIM has been losing marketshare to Apple's iPhone and to smartphones with Google's Android operating system, especially Samsung phones.

The Canadian tech company isn't expected to release its BlackBerry 10 — the next-generation with a new operating system based on what's in RIM's PlayBook tablet computer — until later this year.

UBS analyst Phillip Huang says he expects another tough quarter for RIM, estimating the will have shipped 11.5 million smartphones and 375,000 PlayBook tablets in its fiscal fourth quarter.


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