The numbers are in and they don’t look good. According to the company, they shipped 14.1 million BlackBerrys and 150,000 PlayBooks. Keep in mind, those are shipped numbers, not sold.
Net income for the quarter was $265 million, compared with net income of $911 million in the same quarter last year. Adjusted net income for the third quarter was $667 million, according to RIM.
“Despite the challenges faced in the third quarter, the BlackBerry subscriber base grew to almost 75 million customers around the world. In addition, RIM launched a range of new BlackBerry 7 based smartphones globally and introduced holiday promotions that helped drive growth in the installed base of BlackBerry PlayBook users,” said Jim Balsillie and Mike Lazaridis, Co-CEOs at Research In Motion. “RIM continues to have strong technology, unique service capabilities and a large installed base of customers, and we are more determined than ever to capitalize on our strengths to overcome the recent execution challenges surrounding product launches and the resulting financial performance.”
Who are they kidding?