Friday, April 29, 2011

RIM Co-CEO Balsillie Blames Lowered Outlook on Aging Product Line | John Paczkowski | Digital Daily | AllThingsD

Check the article link below for some optimistic comments from RIM.  I hope Tungle got a cash-based deal…

If you were alarmed when Research in Motion cut its sales and profit forecasts for this quarter, wait until you hear its explanation for the move. There’s been a decrease in sell-through since RIM issued guidance a month ago and it’s being driven by the “natural aging” of its high-end smartphone portfolio.

“The core thing here is that there’s been a transition that’s happened since our last guidance,” RIM co-CEO Jim Balsillie said during a conference call with analysts Thursday. “Our higher-end products are aging…and that’s affecting margins…and sell-through, particularly in the United States and Latin America.”

RIM Co-CEO Balsillie Blames Lowered Outlook on Aging Product Line | John Paczkowski | Digital Daily | AllThingsD

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