RIM lowers third quarter outlook, touts Storm sales
By Donald Melanson 
posted Dec 3rd 2008 1:04PM
posted Dec 3rd 2008 1:04PM
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]
NOT IMPRESSED with it
Just shut the hell up. Professional troll!!
Im not impressed with how much time you have to post worthless comments on engadget
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.
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
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?)
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..
what exactly is this business "you do" with your wife?
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
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.
Please tell me your not English.
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
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.
Westminster Bridge road isn't that far away. Just around the corner. Jump off it.
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.
nerdtalker, Me dysfunctional NO CHANCE, plus the blackberry dosen't match my needs.
Kind Regards
Fusion Fuzo
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..."
or you guys can just ignore Fuzo because all he wants is attention which you guys gave. Just low rank him and continue on
ieye, Acid for???????????????.
People on this site are so evil and rude, Im going and not coming back
Fusion Fuzo Signing Out
Professional
Fusion Fuzo
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?
yay!!!!! he no come back (imitating his grammer errors)
i think he's saying his rent-a-wife is $300 a night
"People on this site are so evil and rude, Im going and not coming back"
Win, epic win. This is one for the books.
Y'all postin' in a troll thread.
"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
So you're a truck driver?
Even though It sol well, Its stills disappointing. Although I did play with one yesterday and liked it. But it lacked in areas.
I'd like to see a firmware option to not have to push the screen.
-"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!!!!!
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.
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.
Does this mean that ATT can get the storm now?
No, so hah. I kid, but seriously who ever heard of a company offering a phone on only 1 network...Oh.
Who needs the storm on AT&T when you have the Jesus Phone™?
Yes, it preforms miracles.
@ Tarnation, what's wrong with a little exclusivity?
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.
I was under the impression that Verizon and AT&T were competitors.
Or is this one of those new fangled "wealth redistribution" ideas.
Lowered expectations didnt stop RIM from making more takeovers:
http://www.cbc.ca/technology/story/2008/12/03/rim-bid-certicom.html?ref=rss
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.
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?
This wasn't a hard call. The Bold is $300 and the Storm sucks ass.
"Preliminary revenue...is approximately 65% higher than revenue in the same quarter of last year."
Just thought I'd add that little tidbit.
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.
"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?
Thats right I did mean to say "Come on, people..." New keyboard and thought it was correct. Sorry for the wonderful sentence structure.
dude... so true but so much truer http://www.futuregame.com/index.php?r=mrburgundy9