Even with RIM’s upcoming reveal of BlackBerry 10, and possibly its BlackBerry Z10, things haven’t been going so swell for the company for the past couple of years. Yesterday, we reported it was delisted from the Nasdaq 100, and today, RIM posted its fiscal Q3 2013 earnings report.
RIM posted a net loss of $114 million on $2.73 billion in revenue, even though the company was able to claim $14 million in profits for the quarter due to a $166 million tax settlement. This time last year, RIM reportedly earned $265 million, which were already down at that time.
Despite their loss, they were able to ship 6.9 million smartphones and 255,000 BlackBerry PlayBooks and increased their cash by $600 million dollars, totaling $2.9 billion.
We’re not sure where exactly RIM will go from this point on as the dominance of Android and iOS devices is apparent. As much as we’re looking forward to RIM’s media event on January 30th, we can’t help but feel this may be the last hurrah for the company if it can’t make a huge impact on the mobile market with its news. Maybe its BlackBerry Z10 is exactly what the company needs right about now.