RIM suffers fall in Blackberry subscribers – first time in company’s history

December 25 | Posted by sarah | Phone News Tags: , , , , ,

Research In Motion (RIM) has only made a net profit of $9 million (around £5.5 million) in the three months to the 1st of December. In the same period last year, RIM made a net profit of $265 million.

The Canadian firm’s revenues for the period amount to $2.7 billion, which is down by 47% compared to the same period last year. It has struggled due to the success of the iPhone and Android handsets such as the Samsung Galaxy S3.

In this same period, RIM suffered a loss in Blackberry subscribers from 80 million to 79 million. The ailing Canadian firm hopes to change its fortunes once it launches its next generation OS, Blackberry 10, in the 30th of January. BB10 will be launched alongside two new handsets running the software. These are said to be the fully touchscreen Blackberry London and the QWERTY-sporting Blackberry Nevada.

Analysts are not surprised with the massive drop in profits, but find the drop in subscribers concerning.

Evercore Partners research analyst, Mark McKenchnie, says, “The one troubling metric is their subscriber base – it came in at 79 million, so they actually lost subscribers this quarter.

“They’ve been able to offset losses in the US by gaining subscribers internationally, but it looks like this quarter they just weren’t able to do that.”

Do these dismal numbers make you feel sorry for RIM, or do you think it will get back into the game with Blackberry 10? Share your opinion through a comment on our Facebook page.

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