RIM profit skids 97% but beats Street

USA Today:

The BlackBerry maker reported a third-quarter profit that slid 97% on revenue that was down 47% compared with the same period a year ago, beating Wall Street’s expectations.

RIM noted that it shed 1 million subscribers, down to 79 million in the quarter. The company also cautioned over service fees and increased spending on marketing of its next-generation devices.

Blackberry 10 looks cool, but I think it’s too late. It’s a shame, I had a Blackberry and I liked it a lot.



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