RIM (RIMM) Warning Bad For Apple (AAPL)
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From 247WallSt.com
RIM (Nasdaq: RIMM) warned it would not make its numbers for the current quarter. Some of that is due to the value of the dollar. The balance is because a weak economy is hurting demand for its Blackberry products.
RIMM said revenue for fiscal Q3 would be $2.75-$2.78 billion. Preliminary revenue is lower than its previously forecast of $2.95-$3.10 billion.
RIMM said it would add 2.6 million new subscribers in the period, down from a previous forecast of 2.9 million.
That news is probably not good for Apple (Nasdaq: AAPL) and its new 3G iPhone.
Read More At 247WallSt.com >>>>
RIM (Nasdaq: RIMM) warned it would not make its numbers for the current quarter. Some of that is due to the value of the dollar. The balance is because a weak economy is hurting demand for its Blackberry products.
RIMM said revenue for fiscal Q3 would be $2.75-$2.78 billion. Preliminary revenue is lower than its previously forecast of $2.95-$3.10 billion.
RIMM said it would add 2.6 million new subscribers in the period, down from a previous forecast of 2.9 million.
That news is probably not good for Apple (Nasdaq: AAPL) and its new 3G iPhone.
Read More At 247WallSt.com >>>>
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