RIM Delays 4G PlayBook to the Fall
Lazardis and fellow co-CEO Jim Balsillie wouldn't confirm how many PlayBooks RIM has sold to consumers, but they said they were very pleased with the numbers, even as they admitted that the launch had its share of hiccups. The pair spent RIM's first-quarter earnings call defending their cooperative CEO structure and assuring investors the worst was over.
Even so, the PlayBook isn't the only device delayed. RIM's new line of "superphones" based on the QNX operating system -- the same OS that powers its tablet -- are not expected until the second half of 2012. And the new BlackBerry Bold 9900 won't make its market debut until "very late August," the executives said.
The 9900 will feature the company's new BlackBerry OS 7 update, which RIM is counting on to tide consumers over until 2012, even though the OS didn't wow many in the industry when it was launched last month. (See RIM's BlackBerry Evolution Fails to Impress.)
As the company grapples with product delays, it is also reducing head count and lowering its outlook for the rest of the year. For the remainder of fiscal 2012, which will end in February, RIM expects earnings of $5.25 to $6 per share, down from the $7-per-share forecast officials made last quarter.
— Sarah Reedy, Senior Reporter, Light Reading Mobile