enquiry In Motion missed analysts ’ lowered revenue forecast for its financial first twenty-five percent and said its outlook for the 2d quarter was blue than await , as it reported its first - quartern effect Thursday .
RIM also revealed that the 4 G version of its PlayBook tablet has apparently been delayed . On a conference call with pressing and analysts , co - CEO Mike Lazaridis said PlayBooks with LTE ( Long - Term Evolution ) , WiMax and HPSA+ ( gamy - amphetamine Packet Access ) would come out this fall . In the past , RIM has forecast those product for summer .
gross for the first quarter , which ended May 28 , was US$ 4.9 billion , below the consensus forecast of $ 5.1 billion from psychoanalyst polled by Thomson Financial . The analyst ’ forecast speculate a cut in RIM ’s own prognosis , which was announced in late April .
Also on Thursday , the company announced a cost - cutting program that will let in a headcount decrease . It expects to begin the programme in the 2nd quarter and benefit from it begin in the third quartern .
RIM ’s nett income for the first tail was $ 695 million , or $ 1.33 per ploughshare , just ahead of the analysts ’ prognosis of $ 1.32 . However , the income figure was down from $ 769 million , or $ 1.38 per share , in the same fourth part last class .
RIM said it sell about 500,000 BlackBerry PlayBook pad of paper in the quarter , stick to the twist ’s launch on April 19 .
For the current quarter , ending Aug. 27 , RIM expects taxation in the range of $ 4.2 billion to $ 4.8 billion and earnings per ploughshare between 75 cents and $ 1.05 , excluding one - sentence care .
RIM has been struggling to compete with Apple ’s iPhone as well as gimmick running the Google Android OS , which in add-on to being pop with consumers have set out to nick aside at RIM ’s stronghold in the business market .
On April 28 , RIMwarned that its first - quarter smartphone shipmentswould likely be lower than carry and cut its profit guidance . It cut off its pay expectations to between $ 1.30 and $ 1.37 , from its early prognosis of $ 1.47 to $ 1.55 . also , it sound out revenue would be “ slightly below ” the range of $ 5.2 billion to $ 5.6 billion that it had portend earlier .
RIM pronounce the lower expectation were due to smartphone shipments come in on the low end of the 13.5 million to 14.5 million units it had forecast , and slower sale of gamey - end models liken to low - price gadget .
RIM ’s PlayBook tablet , on cut-rate sale since April , face an uphill battle , even though some reviews praised the exploiter interface , based on software acquire when RIM buy QNX , a Godhead of operating system for nomadic devices . However , early reviewers also cited a reach of defect , including the lack of a built - in email program — the main feature that drew endeavour user to the company ’s iconic BlackBerry smartphone in the first place .
Delays of a touchscreen Blackberry Bold have not helped the fellowship ’s case . Meanwhile other speech sound base on QNX are not due out until 2012 .
Native e-mail for the PlayBook will come later this summer , RIM state . The company say the tablet is being judge at 1,500 enterprises .
lip blame the second - quarter weakness on delays in the availability of French telephone with the company ’s next BlackBerry operating system , called BlackBerry 7 . RIM will overleap the back - to - school sale menstruation with those devices , which presently are going through certification by mobile hustler , flange executives say on a conference call after the results were released . BlackBerry 7 is a totally new computer software platform that persist into some initial problems flummox attack aircraft carrier approval , but after the atomic number 8 gets its first certifications , it will be easy to get additional gimmick with it onto the market , they enjoin .
The BlackBerry 7 melody , which will start with the BlackBerry Bold 9900 , will debut late in the second quarter , RIM said . Until then , the caller will be saddled with a handset lineup that is about a twelvemonth old , executive said . Sales in the tail are probable to be weighted toward the lower death of the mathematical product line , they said . part as a result of this , the company has also adjusted its full - class earnings forecast of $ 7.50 per plowshare down to between $ 5.25 and $ 6.00 per share .
RIM said it is being hit hardest in North America and that it had impregnable resolution in Asia and Western Europe .
Together , the development of the PlayBook , BlackBerry 7 and a next QNX “ superphone ” have made for a challenging time at RIM , executives enjoin .
“ We have a strong line of work . We have made major platform upgrades and we are almost through this conversion , ” Lazaridis state .
Lazaridis and Jim Balsillie , RIM ’s other co - CEO , repeatedly tell they were committed to the ship’s company ’s treble - executive structure . RIM could not have gotten where it is today and would n’t succeed in the future without both of them , the executives said . Some psychoanalyst have questioned the two - chief executive officer approaching after some other company , such as Google , have desert it . Lazaridis and Balsillie said they divide responsibilities between them according to their respective strengths .
“ We work very closely together , and I do n’t know where all these things are coming from , ” Lazaridis said . “ The thing you have to understand is that this is fun . ”
The executives also took pains to understate the reach of the streamlining plan . It is intended to focus the companionship ’s imagination on efforts that will matter most in the future , Lazaridis enjoin .
“ I would in no style , material body or flesh characterize this as a restructuring , ” he said .
RIM did not give away any detail of the job cut or other changes demand in the initiative .
