Friday, June 17, 2011

Restructuring at RIM after disappointing sales deemed

The Canadian group Research in Motion (RIM) announced (. Pdf) restructuring following the release Thursday, June 16, deemed disappointing sales in its first quarter. RIM, which has seen the value of the melt as half since February, posted a net profit of 695 million U.S. dollars (491 million euros). This is consistent with analysts' expectations for the first quarter of fiscal 2012, ended May 28, but down about 10% over the same period last year.

Revenues fell to $ 4.9 billion (3.46 billion euros), below market expectations, which projected sales of over 5.1 billion dollars (3.6 billion euros). The Group of Waterloo, Ontario, has delivered 13.2 million BlackBerry smartphones and Tablet PCs Playbook 500 000, numbers below the most ambitious forecasts of analysts covering the technology sector.

The tablet playbook, with a high definition display which also includes cameras in front and back, is sold from mid-April in the United States and Canada. The first sales of Playbook have been accounted for six weeks in the first quarter, hence the importance of financial markets to the figures provided Thursday, as they provide insight into consumer enthusiasm for this new product.

In comparison, Motorola has sold a quarter of a million copies of his digital tablet Xoom during its first month of sales, and Apple iPad two million during its first two months in stores. Downsizing "Fiscal year 2012 began with a challenge. The slowdown we see in the first quarter will continue in the second quarter and delays in the entry of new products by the end of August, leading to predictions downward for the second quarter, "said co-CEO of Jim Balsillie.

Research in Motion will conduct a "downsizing" during the current quarter, the company said no figure on the number of redundancies. This will have a positive impact on the results from the third quarter, the company argued. The group was to launch new products in late July or early August to take advantage of the boom in retail sales during the period preceding the school year in early September in North America.

RIM now table a turnover between 4.2 and 4.8 billion (between 2.97 and 3.39 billion euros) for its second quarter ending August 27.

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