Bad news for RIM. The already troubled BlackBerry manufacturer sees no relief from any front whatsoever. This time the smartphone manufacturerís sales in the US halve during the fiscal quarter ending August 27 2011. The total revenue from the US fell from US$2.22 billion a year ago to US$1.11 billion.

According to Business Briefing:

The US sales decline reduced the impact of gains in Canada, which saw sales increase by 7.7 percent to US$308 million, and in markets outside the US, Canada and UK, where sales grew by 38 percent to hit US$2.33 billion.

RIMís third consecutive quarter of disappointing results saw net income fall by 59 percent due to declining sales of BlackBerry devices, including the BlackBerry PlayBook tablet computer.

The results saw the companyís stock price fall to US$12.5 billion last Friday, down almost a quarter from the previous day, and meaning the stock has shed half of its value in 2011.

As a result, the RIM CEO duo also lost their Billionaire status. RIMís only hope lies in QNX, as the investors are quite restless since RIM is unable to produce any good sales numbers.

Another option for RIM to survive is to sell some of itís patent portfolio, or as suggested by Jaguar, sell itself.

I hope RIM does not take any stupid decisions..!!


Related posts:

  1. Smartphone sales surpass featurephone sales in West Europe says IDC
  2. RIM stock prices continue to spiral down, hit 5 year low
  3. Gartner lowers forecast for Android tablets shipments
  4. Goldman Sachs: BlackBerry Torch sales “underwhelming”
  5. Blackberry Z10 sales creates history for the company

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