RIM's Q2 Profit Falls on Weak Shipments
RIM did, however, increase its BlackBerry subscriber base to 70 million, up 40 percent over last year.
RIM reported a second-quarter net income of $329 million, or 63 cents per share, on $4.17 billion in revenue. That's down from a profit of $797 million, or $1.46 per share, on $4.62 billion in revenue a year ago.
Analysts polled by Thomson Reuters expected earnings of 90 cents a share on revenues of $4.5 billion.
RIM shares were down $ $4.45 (15.06%) to $25.09 in after-hours trading.
— Sarah Reedy, Senior Reporter, Light Reading Mobile