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RIM expects lower profits despite BlackBerry Storm success

By: , IntoMobile
Wednesday, December 3rd, 2008 at 5:35 PM

The BlackBerry Storm, with its click-able SurePress touchscreen, has generated some serious sales for Research In Motion. RIM saw record one-day BlackBerry subscriber add with the launch of the Storm, and has since seen weekly subscriber records. But, despite the Storm’s success, RIM has lowered their financial outlook for the third quarter.

RIM has announced that it expects Q3 revenue to hit somewhere between $2.75 billion and $2.78 billion, down from the earlier projection of $2.77 billion to $3.10 billion. Furthermore, net subscribership to RIM’s BlackBerry service is now expected to hit 2.6 million new users, dropping from the 2.9 million subscribers expected previously.

RIM co-CEO points to “product launch timing, general economic conditions and foreign exchange volatility” as reasons for his company’s lower third quarter expectations.

[Via: MocoNews]

About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...

  • vince

    I think alot of this outcome for rim has to do with them not being able to get the 8900 out the door before christmas. The curve series was easily rim’s most popular phone before this point. After all the curve was the best selling smartphone in the u.s. in october. Now, I’m not sure if it was even scheduled to come out in ’08 or whether they just couldn’t get it carrier approved, but had it, I think rim would be singing a different tune.