RIM lowers third quarter outlook, touts Storm sales

RIM no doubt got a boost of confidence from AvianResearch's sales numbers a few days ago, but it looks to be in a bit of a gloomier mood today, as it has been forced to slightly lower its third quarter profit and revenue outlook. Apparently, instead of the previously forecast revenue of $2.95 to $3.10 billion, RIM now says it's expecting to rake in just $2.75 to $2.78 billion, with its adjusted earnings now expected to be 0.81 to $0.83 per share, and not $0.89 to $0.97 per share, as previously forecast. According to RIM's Jim Balsillie, the company is laying most of the blame on "product launch timing, general economic conditions and foreign exchange volatility," but it has nothing but good things to say about the Storm, which it says has "experienced particularly strong momentum in recent weeks." It further added that the Storm's first day of sales drew a record number of new net subscribers for the company, and that it also managed to pull in a record number of weekly net subscribers additions in the last week of the third quarter. Those interested in such things can look for the final numbers to be released on December 18th.

[Via mocoNews.net]

[Fusion Fuzo 05 - Mr Professional @ Dec 3rd 2008 1:08PM]

NOT IMPRESSED with it

[hamza @ Dec 3rd 2008 1:09PM]

Just shut the hell up. Professional troll!!

[fb626 @ Dec 3rd 2008 1:12PM]

Im not impressed with how much time you have to post worthless comments on engadget

[nerdtalker @ Dec 3rd 2008 1:19PM]

Not impressed with their third quarter outlook? The Storm? The Bold? RIM's professionalism?

Mr. Professional frequently makes outlandish statements which are hardly professional.

Fuck off, Mr. Professional. Seriously, wtf.

[Fusion Fuzo 05 - Mr Professional @ Dec 3rd 2008 1:20PM]

hamza, I am not a troll I am a respected fully qualified proffessional in the business I do with my loving wife for 300 a night, 3 children gold fish and a local bus with driver to go places in, so HAH

[nerdtalker @ Dec 3rd 2008 1:24PM]

LOL Mr. Professional, that was one of the most disjointed, confusing, absurd run-on sentences I've read in a long, long time...

Loving wife for 300 a night (totally not going there, do you have 300 loving wives a night, or love your wife 300 times a night?), 3 children gold fish (your children are gold fish? Ok, your words, not mine. Explains a lot, considering you must be one too), and a local bus with driver to go places in (I can't even figure this one out. Are you the bus driver, or do you ride the bus? How does riding a bus make you professional? Shouldn't *real* professionals at least have a company car?)

[Patriks7 @ Dec 3rd 2008 1:25PM]

Sorry, I don't want to insult your professional intelligence, but it had to come..
Usually a professional, like you claim yourself to be, states a reasoning after an opinion, can write properly, and doesn't boast about such stuff on a blog.. I mean who here cares what you do with your wife, goldfish or bus driver? I certainly don't..

[StalematE @ Dec 3rd 2008 1:28PM]

what exactly is this business "you do" with your wife?

[Fusion Fuzo 05 - Mr Professional @ Dec 3rd 2008 1:32PM]

nerdtalker, yes i pay her £300 a night when we meat, and yes i ride the red london bus that the driver drives for me so no need for a car


Professional
Fusion Fuzo

[hamza @ Dec 3rd 2008 1:33PM]

Can anyone enlighten me to as my post was low ranked? I was just simply trying to get the idiot to stop commenting. Ok, maybe I too came off as an idiot, but I wouldn't say I was in the same category as that guy.
Ok, just ignore it, low rank this post too, that would seriously make my day.

[Thi mam(kris120890) @ Dec 3rd 2008 1:35PM]

Please tell me your not English.

[Fusion Fuzo 05 - Mr Professional @ Dec 3rd 2008 1:42PM]

thi mam
yes I am a professional from England, london area

stalemate
fixing computer hardware and software and sometimes teaching other people to use computers
just off, Tottenham Court Road, London

[nerdtalker @ Dec 3rd 2008 1:42PM]

Mr. Professional, I honestly don't know whether to laugh or feel sorry for you. It's literally to the point that I'm starting to wonder if you aren't Clak in disguise as someone else, because nobody can possibly be this persistent.

Tell me, what is it that you *do* to make 300/night with your wife? I mean, that statement made me (and from the looks of it, a number of other commenters) raise our collective eyebrows for a second there. "Meat"ing with your wife and making 300 pounds/night sounds nefarious, if not downright pornographic, to be honest. Tell me that it doesn't involve her revealing "jumblies." Please. I'm sorry.

[Thi mam(kris120890) @ Dec 3rd 2008 1:47PM]

Westminster Bridge road isn't that far away. Just around the corner. Jump off it.

[nerdtalker @ Dec 3rd 2008 1:49PM]

Mr. Professional,

I think you've officially become a legend. I mean, truly. Don't take it personally. It's just... epic.

I feel like I know your whole story now. Computer shop, wife, 3 children, goldfish. It's like we're all a huge dysfunctional family.

[Fusion Fuzo 05 - Mr Professional @ Dec 3rd 2008 2:00PM]

nerdtalker, Me dysfunctional NO CHANCE, plus the blackberry dosen't match my needs.


Kind Regards
Fusion Fuzo

[iEye @ Dec 3rd 2008 2:02PM]

Mr. Professional,

Holy Shite!

I'm not to affluent with the expressions the young people use today but I believe the appropriate word are;

"You must have dropped some serious ACID last night..."

[ace587 @ Dec 3rd 2008 2:08PM]

or you guys can just ignore Fuzo because all he wants is attention which you guys gave. Just low rank him and continue on

[Fusion Fuzo 05 - Mr Professional @ Dec 3rd 2008 2:10PM]

ieye, Acid for???????????????.

[Fusion Fuzo 05 - Mr Professional @ Dec 3rd 2008 2:47PM]

People on this site are so evil and rude, Im going and not coming back

Fusion Fuzo Signing Out


Professional
Fusion Fuzo

[konshuss @ Dec 3rd 2008 4:11PM]

i wish you gullible fish would stop swimming with the trolls. ignore and move on, you're only helping to hijack the comments.

as for the revised projections, those sales numbers you released last week seem a bit SILLIE, huh, balsillie?

[skittles47s @ Dec 3rd 2008 4:13PM]

yay!!!!! he no come back (imitating his grammer errors)

[phanbouy fan fan @ Dec 3rd 2008 4:19PM]

i think he's saying his rent-a-wife is $300 a night

[nerdtalker @ Dec 3rd 2008 4:33PM]

"People on this site are so evil and rude, Im going and not coming back"

Win, epic win. This is one for the books.

[michas_pi @ Dec 3rd 2008 5:00PM]

Y'all postin' in a troll thread.

[Neil @ Dec 3rd 2008 5:16PM]

"product launch timing, general economic conditions and foreign exchange volatility,"

insert poor GUI, quality control problems (heck, why do you think people are inserting stuff behind the battery), no GPU acceleration, laggggggs, crashessssss, bugssssss............ patches are not fixing evrything i heard

"experienced particularly strong momentum in recent weeks."
it was only good in the 1st weekend..... i bet, then sales went downhill after people found out how awful it is... i feel bad for the early adopters....

the only thing that's good about storm is the phone part. Time mag, Pogue, Mossy, Engadget, Giz, Wired, even BoyGenius (BB lover!) all say its awful. some rando call herself/herself admiral H wrote some serious detail on the BB too...

http://www.time.com/time/business/article/0,8599,1860717,00.html
http:// gizmodo.com/5093715/blackberry-storm-review-verdict-not-quite-a-perfect-storm
http://admiralh.wordpress.com/2008/11/21/why-the-blackberry-storm-is-no-iphone-killer/


storm = epic fail


comeon RIM, get your stuff together... i need a real upgrade from my curve 8330 and i'm stickin' to it til you do so

[kevincahoon @ Dec 3rd 2008 11:25PM]

So you're a truck driver?

[Thi mam(kris120890) @ Dec 3rd 2008 1:13PM]

Even though It sol well, Its stills disappointing. Although I did play with one yesterday and liked it. But it lacked in areas.

[Nate @ Dec 3rd 2008 1:32PM]

I'd like to see a firmware option to not have to push the screen.

[sLevin1Fo @ Dec 3rd 2008 1:16PM]

-"According to RIM's Jim Balsillie, the company is laying most of the blame on -product launch timing and general economic conditions."

I can agree with this. I was waiting and waiting for the Bold (AT&T). So when it was available. I just didnt want it anymore.

I work in the wireless industry and around this time last year I had already sold almost 20 phones. This week ive sold 3. General Economic Conditions are BAD!!!!!

[UnixSystemsEngineer @ Dec 3rd 2008 1:18PM]

Oh noes! You mean a maker of expensive electronic gadgets might suffer slightly in terrible economic times? Who knew??

Though I must still laugh at the Storm's "strong momentum in recent weeks." Well, duh, it's new.

[KarlW @ Dec 3rd 2008 3:50PM]

Most forecasts see Apple doing really well, so expensive gadgets don't necessarily suffer.

I was pretty apprehensive when Jobs said Apple would "innovate [themselves] out of a recession", but if RIM is representative of the industry, Apple's "plan" seems to be working. That still doesn't instil much confidence in investing in Apple (IMO). It's pretty loose.

[JCreazy @ Dec 3rd 2008 1:33PM]

Does this mean that ATT can get the storm now?

[Tarnation @ Dec 3rd 2008 1:43PM]

No, so hah. I kid, but seriously who ever heard of a company offering a phone on only 1 network...Oh.

[OMGizzle! @ Dec 3rd 2008 1:53PM]

Who needs the storm on AT&T when you have the Jesus Phone™?

Yes, it preforms miracles.

[AlDeezy @ Dec 3rd 2008 1:55PM]

@ Tarnation, what's wrong with a little exclusivity?

[Zak @ Dec 3rd 2008 2:03PM]

Tarnation - Seriously. What was T-Mobile thinking with the G1? You would never be able to sell a phone that's only on one network. It'll never do well ever....Oh.

[matt merritt @ Dec 3rd 2008 2:13PM]

I was under the impression that Verizon and AT&T were competitors.


Or is this one of those new fangled "wealth redistribution" ideas.

[y3k.nik @ Dec 3rd 2008 2:02PM]

Lowered expectations didnt stop RIM from making more takeovers:

http://www.cbc.ca/technology/story/2008/12/03/rim-bid-certicom.html?ref=rss

[BlackSuit @ Dec 3rd 2008 2:21PM]

Many early Storm users are returning the phone to the store due to flaky firmware. That ought to impact their outlook although RIM will not admit it publicly.

[joe @ Dec 3rd 2008 2:23PM]

if RIM was looking forward to such a high revenue then why didn't they prepare a huge stock to be distributed? they have a bunch of unhappy people waiting for their storm. seriously RIM wtf?

[Perspective @ Dec 3rd 2008 3:20PM]

This wasn't a hard call. The Bold is $300 and the Storm sucks ass.

[Gad Get @ Dec 3rd 2008 4:03PM]

"Preliminary revenue...is approximately 65% higher than revenue in the same quarter of last year."

Just thought I'd add that little tidbit.

[Josh @ Dec 3rd 2008 4:07PM]

I don't think they would have had to worry about the money if they would have offered it to more than Verizon Customer. Verizon (States) is not the only one out there. Common people (RIM) think outside the box and before you agree with a contract make sure you are offering it to the largest customer base. In Northern Wisconsin, Minnesota and U.P. of Michigan we are lock into ATT and AllTel. I know for a fact that if you offer a GSM version of the phone it would have sold record amounts. 3 Companies I know of would have purchase 350 - 400 phone right off the bat. Just a suggestion for next time. Dont Limit your customer base by going with a COMPANY (Verizon) that is not nation wide.

[Gad Get @ Dec 3rd 2008 5:48PM]

"Common people (RIM) think outside the box and before you agree with a contract make sure you are offering it to the largest customer base."

That sentence really confused me for a moment, until I figured out you must have meant "Come on, people..."
Am I right?

[Josh @ Dec 3rd 2008 6:18PM]

Thats right I did mean to say "Come on, people..." New keyboard and thought it was correct. Sorry for the wonderful sentence structure.

[John @ Dec 4th 2008 12:16AM]

dude... so true but so much truer http://www.futuregame.com/index.php?r=mrburgundy9