The iPhone Effect? Blackberry Maker RIM’s Profit Falls 71 Percent

December 17, 2011 1:19 am

We had spotted some RIM stats before. We spotted this today:

“Research in Motion’s third quarter net income fell 71 percent, hurt by giveaway pricing for the BlackBerry PlayBook tablet and costs related to a global service interruption in October. The company said Thursday that its net income was $265 million, or 51 cents a share, plunging from $911 million, or $1.74 a share, in the same time period last year. The smartphone maker, which is based in Waterloo, Ontario, also said that its revenue during the quarter was $5.2 billion, a 6 percent drop from the year before.”

Statistics Source: NYTimes

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