Media

24/7 Wall St. TV: RIM's (RIMM) Tough Future

24/7 WallSt TVShares of RIM (RIMM), maker of the Blackberry, were knocked down almost 15% today after earnings.

Revenue for the second quarter of fiscal 2010 was $3.53 billion, up 37% from $2.58 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 14% for service, 2% for software and 3% for other revenue. During the quarter, RIM shipped approximately 8.3 million devices.

[youtube=http://www.youtube.com/watch?v=1hZa5G2FK2c&w=560&h=340&fmt=18]

Is the growth of the Blackberry decelerating? Has the Apple (AAPL) iPhone started to damage the Blackberry franchise? The market seems to think so.

For more 24/7 Wall St. TV visit us here.

Executive Producer: Philip MacDonald

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.