Washington Post:
The company yesterday forecast third-quarter revenue that missed analysts’ estimates and cut its profit outlook by 20 percent, as competition from Apple Inc.’s iPad and an anemic global economic recovery drags down PC demand.
Time to close, sell, and give back to the shareholders?
Computerworld:
Motorola Mobility is cutting 4,000 employees as the company shifts its emphasis from feature phones to focus on high-end devices, the company said late Sunday.
Motorola plans to cut the number of devices the company makes from the 27 it introduced last year to just a few, Dennis Woodside, Motorola’s new chief executive, told The New York Times.
Instead of a “New” Android whatever phone every two weeks, they plan to make just a few models… I wonder where they got that idea from?
Motorola to cut 4,000 employees as it focuses on high-end devices
AT&T:
Strong Smartphone Sales Continue. AT&T sold 5.1 million smartphones in the second quarter. Smartphones represented 77 percent of postpaid device sales.
In the quarter, the company activated 3.7 million iPhones, with 22 percent new to AT&T.
Despite being nine months into the cycle, iPhone made up 73% of sales at AT&T.
Huffington Post:
Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a dud.
The non-cash charge announced Monday could saddle Microsoft Corp. with a loss for its fiscal fourth quarter ended in June. Analysts polled by FactSet had predicted Microsoft would earn about $5.3 billion for the period. The company hasn’t suffered a quarterly loss during the past 20 years, according to its website.
How Ballmer still has a job, is beyond me.
Microsoft Takes $6.2 Billion Hit On aQuantive Online Ad Woes
As some investors had feared, Research In Motion this afternoon reported worse-than-expected results for its fiscal first quarter ended June 2, posting a large loss as demand for the company’s BlackBerry smartphones continued to crumble.
This is it.
RIM Posts Large Q1 Loss; More Red Ink Ahead; BB 10 Delayed Until 2013
All Things D
Research In Motion has seen its BlackBerry revenues fall year over year for three consecutive quarters. When the company reports earnings on Thursday afternoon, it will almost certainly become four.
I think they crossed the point of no return.
But of course, Android is winning.
iPhone estimated to have generated $150 billion in revenue globally
The Guardian has the story (more like a tragedy) of Research In Motion’s situation. I won’t go into details here, you can use the link and read for yourselves, but I’ll tell you this: almost all the graphics look like this. I wonder how long until someone buys RIM for the patents and puts them out of their misery.
