UPDATE: Canada Now Accounts for Less than 5% of RIM's (RIMM) Revenue
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(Updated - December 21, 2012 9:50 AM EST)
Some bits and pieces from Research In Motion's (Nasdaq: RIMM) latest quarterly filing:
* BlackBerry shipments fell about 51.1 percent to 6.9 million units from last quarter. RIM shipped 7.4 million units in the last quarter.
* Subs rose over 5 percent to 79 million, though the number is down about 1 million from Q213.
* Notably, Playbook tablet shipments nearly doubled from the last quarter to 255,000 units.
* RIM expects to report a loss in the fourth quarter as it ramps marketing spend into the BlackBerry 10 (BB10) launch.
* The company also expects a drop in unit sales as some customers put off getting a BlackBerry 7-equipped device so close to the BB10 launch. The consensus agrees, with the Street currently modeling a loss of 26 cents per share.
UPDATE -
The following regional sales were disclosed with RIM's 6-K filed Friday morning:Canada sales slipped 67 percent from $385 million to $127 million. U.S. down 49 percent to $520 million, U.K. down 49 percent to $302 million, and Other down 44 percent to $1.78 billion.
Notably, Canada's portion of overall sales saw a dramatic shift, from 7.5 percent last year down to just 4.7 percent in the recent quarter. The U.S. dropped 0.8 points to 19.1 percent, U.K., down 0.3 points to 11.1 percent, and Other up 3.9 points to 65.1 percent.
Back to a broader picture: Service revs showed improvement globally, rising $9 million to $974 million. Hardware, as might be imagined, saw a 60 percent drop to $1.63 billion.
RIM also noted that it completed "approximately 75 percent of the headcount reduction of 5,000 employees previously announced in an effort to align the Company’s cost structure to enable it to move through this transition and deliver on long-term stakeholder value." That was disclosed on the company's conference call Thursday.
After rising in after-hours action Thursday, RIM shares are down 17 percent Friday morning.
Some bits and pieces from Research In Motion's (Nasdaq: RIMM) latest quarterly filing:
* BlackBerry shipments fell about 51.1 percent to 6.9 million units from last quarter. RIM shipped 7.4 million units in the last quarter.
* Subs rose over 5 percent to 79 million, though the number is down about 1 million from Q213.
* Notably, Playbook tablet shipments nearly doubled from the last quarter to 255,000 units.
* RIM expects to report a loss in the fourth quarter as it ramps marketing spend into the BlackBerry 10 (BB10) launch.
* The company also expects a drop in unit sales as some customers put off getting a BlackBerry 7-equipped device so close to the BB10 launch. The consensus agrees, with the Street currently modeling a loss of 26 cents per share.
UPDATE -
The following regional sales were disclosed with RIM's 6-K filed Friday morning:Canada sales slipped 67 percent from $385 million to $127 million. U.S. down 49 percent to $520 million, U.K. down 49 percent to $302 million, and Other down 44 percent to $1.78 billion.
Notably, Canada's portion of overall sales saw a dramatic shift, from 7.5 percent last year down to just 4.7 percent in the recent quarter. The U.S. dropped 0.8 points to 19.1 percent, U.K., down 0.3 points to 11.1 percent, and Other up 3.9 points to 65.1 percent.
Back to a broader picture: Service revs showed improvement globally, rising $9 million to $974 million. Hardware, as might be imagined, saw a 60 percent drop to $1.63 billion.
RIM also noted that it completed "approximately 75 percent of the headcount reduction of 5,000 employees previously announced in an effort to align the Company’s cost structure to enable it to move through this transition and deliver on long-term stakeholder value." That was disclosed on the company's conference call Thursday.
After rising in after-hours action Thursday, RIM shares are down 17 percent Friday morning.
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