RIM already warned everyone that its last quarter would be a stinker. How about the rest of the summer and the rest of the year?We’ll be covering RIM’s earnings LIVE this afternoon, beginning at 4 p.m. ET. Join us for live analysis of the numbers and live commentary during the earnings call by clicking here.
The big problem for RIM is that it is in near-full-reboot comeback mode.
Its high-end smartphones have fallen out of favour as RIM’s BlackBerry software can’t compete with Apple’s iPhone and Google’s Android.
New phones running a new platform called QNX are scheduled for next year, but in the meantime, RIM has to survive on patchwork. And with the company’s growth coming from cheaper handsets in new markets, revenues are disappointing, and margins could collapse.
Shares have been sliced in half since mid-February, now trading in the $35-36 range.
Meanwhile, the BlackBerry PlayBook tablet is probably not a smash hit — it’ll be telling if RIM even says today how many it has shipped so far — and competition from Apple and Google is only getting stronger, both in tablets and phones.
So RIM’s guidance — for this current quarter and beyond — will be the most important information revealed during today’s earnings presentation.
Q1 revenue: $5.15 billion consensus (22% y/y growth)
Q1 EPS: $1.32 consensus
Q1 shipments: 13.5 million units
Q2 revenue: $5.46 billion consensus
Q2 EPS: $1.40 consensus
Q2 shipments: 13.5-14 million units
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