24/7 Wall St. TV: RIM’s (RIMM) Tough Future
Shares of RIM (RIMM), maker of the Blackberry, were knocked down almost 15% today after earnings. Revenue for the second quarter of fiscal 2010 was $3.53 billion, up 37% from $2.58 billion in the same quarter of last year. The…
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Revenue for the second quarter of fiscal 2010 was $3.53 billion, up 37% from $2.58 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 14% for service, 2% for software and 3% for other revenue. During the quarter, RIM shipped approximately 8.3 million devices.
[youtube=http://www.youtube.com/watch?v=1hZa5G2FK2c&w=560&h=340&fmt=18]
Is the growth of the Blackberry decelerating? Has the Apple (AAPL) iPhone started to damage the Blackberry franchise? The market seems to think so.
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