Preview

Bisnismen

Powerful Essays
Open Document
Open Document
3407 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bisnismen
June 28, 2012 FOR IMMEDIATE RELEASE

RESEARCH IN MOTION REPORTS FIRST QUARTER FISCAL 2013 RESULTS
Waterloo, ON – Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications market, today reported first quarter results for the three months ended June 2, 2012 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). Highlights: Cash, cash equivalents, short-term and long-term investments increased to $2.2 billion at the end of the first quarter Cash flow from operations was approximately $710 million in the first quarter Revenue of $2.8 billion in Q1, down 33% from $4.2 billion in the prior quarter GAAP net loss in Q1 of $518 million or $0.99 per share diluted; adjusted net loss of $192 million or $0.37 per share diluted Shipments of BlackBerry smartphones were 7.8 million and shipments of BlackBerry PlayBook tablets were approximately 260,000 BlackBerry 10 smartphone launch now scheduled for Q1 of calendar 2013 Restructuring efforts underway that will include a workforce reduction of approximately 5,000 employees as part of RIM’s efforts to realize over $1 billion in cost savings, based on RIM’s Q4 FY2012 run rate Launched World Tour BlackBerry Jam developer sessions in 23 countries resulting in strong adoption and support by application and developer partners for BlackBerry 10 platform BlackBerry App World continues to grow with over 89,000 applications available The overall BlackBerry subscriber base continued to grow, and the subscriber base grew in all regions except for North America RIM names Steve Zipperstein, former General Counsel of Verizon Wireless, as Chief Legal Officer

Q1 Results Revenue for the first quarter of fiscal 2013 was $2.8 billion, down 33% from $4.2 billion in the previous quarter and down 43% from $4.9 billion in the same quarter of fiscal 2012. The revenue breakdown for the quarter was approximately 59% for hardware, 36% for service and 5% for software and other revenue.

You May Also Find These Documents Helpful

  • Powerful Essays

    With the increasing competition in the telecommunication industry and the development of smartphone technologies, more and more corporations enter into the mobile phone industry. RIM Ltd. is now in a dilemma of how to attract customers and recapture the market share to be the best one in the cell phone…

    • 5572 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Revenue growth was equal to 12.6% in 2003 for a total amount of $7.24 billion. Its net income was the largest of the sector with $319.9 million. In the same time, and over the last three years, the Company has reduced its long-term debt by $448 million.…

    • 2345 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Mkt100 Textbook - Chapter 1

    • 15926 Words
    • 64 Pages

    Motion (RIM), is creating and delivering value to its consumers and shareholders with its BlackBerry.…

    • 15926 Words
    • 64 Pages
    Powerful Essays
  • Best Essays

    While it is not possibly to quantify most of RIM’s operational goals we can try to establish what they may entail. A recent interview with new CEO Thorsten Heins points towards having their operative goals built around having an innovative culture that involves employees and develops them and having a top 3 market share globally in the mobile market [ (BlackBerry, 2012) ]. Furthermore, they are also very focused on reducing their costs which is demonstrated by their announcement of a core optimization program and CORE on June 16, 2011. These programs were meant to analyze the companies’ procedures and cut out overhead and redundancy [ (Research In Motion, 2011) ]. RIM’s competitors have been highly publicized and are listed by Yahoo Finance to be Nokia, Google, and Apple [ (Yahoo! Inc., 2012) ]. With RIM being in the mobile market, their consumer base is very broad selling to the general market. With such an advanced device the list of suppliers is vast as they need to provide all the parts from glass to processing chips and these suppliers are…

    • 2834 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Research in Motion - Rim

    • 1023 Words
    • 5 Pages

    Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. There are multiple examples of the challenges RIM faced to protect its Intellectual Property as well as how those challenges were handled. One such example is RIM vs Glenayre Technologies, Inc. This claim, a response to an earlier suit brought forth by Glenayre, insisted that Glenayre blatantly imitated BlackBerry technology and marketing. Later in 2001, Glenayre's initial 1999 patent suit against RIM was dismissed. In early 2002 RIM and Glenayre agreed to drop their remaining lawsuits and work together to develop a wireless e-mail device that would incorporate Glenayre's messaging software. During this same time, RIM also obtained a U.S. patent called the BlackBerry Single Mailbox Integration patent, which covered technology that gave users the ability to have a single e-mail address on both wireless and desktop systems (http://www.answers.com/topic/research-in-motion-ltd-usa). The patent applied to the system and method that RIM pioneered for redirecting information between a host computer system and a mobile communications device.…

    • 1023 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Qorvo Case

    • 615 Words
    • 3 Pages

    The revenue for the quarter scaled up by 95.3% to $708 million for the quarter, from $363 million for the same quarter, 2015, driven primarily from the TriQuint revenue and from the rise in demand of RF solutions for mobile products.…

    • 615 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    As of June 28, 2014 net income is $2,245 Millions compared to June 29, 2013 when net income was $1,847 Millions. Net income increased by $398 Millions…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The company reported revenues of (U.S. Dollars) USD 5,311.71 million during the fiscal year ended December 2011, an increase of 9.31% over 2010. The operating profit of the company was USD 829.97 million during the fiscal year 2011, an increase of 74.59% over 2010. The net profit of the company was USD 599.11 million during the fiscal year 2011, an increase of 308.83% over 2010.…

    • 1002 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Research In Motion (RIM) is the company behind BlackBerry, one of the best-selling smartphone brands in the US. RIM first went public in 1997 and introduced BlackBerry as a paging device that allowed user to read emails. Soon, BlackBerry evolved into a full blown smartphone: a call, text, email capable organizer. It first gained ground in the business community and government, with its high-se…

    • 1501 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Research In Motion: RIM

    • 1847 Words
    • 8 Pages

    If there 's any overarching cause for BlackBerry 's woes, it 's that the company neither anticipated nor responded quickly to the threats posed by Android and the iPhone. As it was revealed in an interview with former co-CEO Mike Lazaridis by The Globe and Mail, the 2007-era iPhone was a complete break from what the Waterloo firm knew. BlackBerry was focused on efficiency, keyboards and security; Apple devoted its attention to broadly appealing concepts like performance and ease of use. Even if BlackBerry 's criticism of the iPhone at the time was marketing bluster, as Lazaridis now suggests, it still reflects a company that wasn 't taking its competition as seriously as it should have. Despite having an initial edge in the corporate world, BlackBerry was facing an uphill battle when trying to court a wider audience that didn 't care about encrypted email or network bandwidth. The marketing strategy failed RIM as well, from early on, RIM concentrated on its sales and marketing efforts on corporate customers, not consumers. RIM failed to adapt, to new challenges and…

    • 1847 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The History of RIM

    • 1824 Words
    • 5 Pages

    The focus of this paper is about the history of BlackBerry, formerly known as Research in Motion (RIM). Research in Motion (RIM), was founded by Mike Lazaridis of the University of Waterloo and Douglas Fregin of Windsor University in 1984; both of these men were Canadian engineering students. The company was founded with a focus on technology, including point-of-sale terminals, wireless modems and pagers. This company expanded with the amalgamation of Jim Balsillie in 1992; and not long after that, rose to the top of the globalized market with the development and released of different models of BlackBerry device with e-mail and paging capabilities. Then, with success came the challenges that RIM faced to protect its intellectual property. In order to address RIM’s endeavor to protect its intellectual properties, on must first understand what an intellectual property is and its importance to those with creative and innovative minds (Moon, 2013).…

    • 1824 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Rim Case Analysis

    • 3116 Words
    • 13 Pages

    One of RIM’s greatest strengths is the security of information provided by the blackberry. Their smart-phones maintain a high level of security through securing information behind company firewalls and the encryption of information when it is being transferred to other consumers. This allows RIM to capture large organizations that demand a high level of security such as the U.S. Government and financial institutions.…

    • 3116 Words
    • 13 Pages
    Better Essays
  • Good Essays

    Bismark

    • 816 Words
    • 4 Pages

    Otto Eduard Leopold, also known as Otto von Bismarck was a German leader who led the unification effort in Germany. He was the Prince of Bismarck and held various government positions throughout his life, such as Prussian Minister President. Germany used to be a group of states loosely united through the German Confederation. Bismarck changed that, using force and war, and created a unified Germany with Prussia as the major power holder. He also removed Austria from Germany. In a speech describing his plan for success Otto von Bismarck said; “The great questions of the time will not be resolved by speeches and majority decisions—that was the great mistake of 1848 and 1849—but by iron and blood.” Bismarck’s use of war to unify Germany was a brilliant and successful endeavor that created, nationalism, a want or need for a union, and finally, a united Germany.…

    • 816 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Bisclavret

    • 769 Words
    • 2 Pages

    They say that you’re only as beautiful as your heart is kind, and I believe that statement is very true to Bisclavret. My question I had when reading this text was, who was the real monster in this story? I thought this because the wife in the story has a battle with her inner beast whereas Bisclavret is controlling the actual beast he is. I came to the conclusion that though Bisclavret has undergone a physical transformation, his wife is the one who undergoes an emotional transformation and becomes the real beast in Bisclavret.…

    • 769 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Company Background Name Logo Industries served Geographic areas served Headquarters Current CEO Revenue Profit Employees Main Competitors Wal-Mart Stores, Inc. Retail (Discount department stores and warehouse stores) Worldwide (10,942 stores in 27 countries) [1] Bentonville, Arkansas, U.S. C. Douglas McMillon $485.651 billion (2015) 2% increase over $476.294 $16.182 billion (2015) 1.7% increase over $15.918 billion (2014) . 2.2 million (2014) Costco Wholesale Corporation, Dollar General Corporation, Dollar Tree, Inc., Kohl's Corporation, Macy's Inc, Sears Holdings Corporation, Target Corporation.…

    • 647 Words
    • 9 Pages
    Good Essays