Things haven’t been great for RIM, despite the upcoming reveal of BlackBerry 10, and possibly the BlackBerry Z10. RIM was delisted from the Nasdaq 100 the other day, and today, RIM posted its fiscal Q3 2013 earnings report.
The company posted a net loss of $114 million on $2.73 billion in revenue, even though they claimed $14 million in profits for the quarter due to a $166 million tax settlement. Last year at this time, RIM reportedly earned $265 million, which was already down at that time.
Even with the loss, they were able to ship 6.9 million smartphones and 255,000 BlackBerry PlayBooks and increased their cash by $600 million dollars, totaling $2.9 billion. They need to smarten up to compete with Android and Apple.