RIM Expects Decrease In Profit, Increase In Subscribers
On Dec. 18, RIM forecast revenue for the quarter of $3.3 billion to $3.5 billion, with profit of 83 to 91 cents a share. It also projected gross margin for the quarter of 40 percent to 41 percent.
RIM said it expects net subscriber account additions for the fourth quarter to be more than 20 percent higher than the 2.9 million net subscriber account additions forecast by RIM on Dec. 18. RIM had record levels of net subscriber account additions throughout the month of December.
In a statement, RIM said a number of factors, including product mix, lowered channel inventory levels and an increased ratio of new subscriber sales to upgrade and replacement sales, are contributing to the degree of performance in subscriber growth relative to revenue and earnings performance within the quarter.
RIM is slated to report actual fourth-quarter net subscriber account additions and fourth-quarter financial results, and offer guidance for the first quarter of fiscal 2010, on April 2.