News out of Waterloo isn't all bad today, as delving in Motion has revealed its business results for the third quarter of 2011. While the company one shot had to scale back its earlier earnings projections of $5.6 billion in the quarter, it's apparent the firm came close to meeting that mark. After close of the markets today, RIM reported $5.2 billion in revenue with $265 million in net income and 14.1 million handsets shipped. The company was only able to eke out 150,000 PlayBook tablets during this time frame, however, which no doubt contributed to these reduced numbers. Unfortunately, the market hasn't taken so kindly to the revelation, as RIM's stock has fallen seven-percent in after hours trading. In a small bit of undoubting




roget's ii: the new thesaurusmain entry:utter
part of speech:adjective
definition:completely such news, the firm reports that its subscriber count is up 35-percent year-over-year, which now totals 75 million subscribers.



Looking forward, the company expects to bring in between $4.6 and $4.9 billion in revenue for the next quarter, where it hopes to ship between 11 and 12 million units. Co-CEO Jim Balsillie referred to the last few quarters as among the most trying in the company's history, and goshen to re-evaluate RIM's product portfolio, R&D proposition and to "leave no stone unturned" as it seeks to regain prominence in the smartphone world. Meanwhile, co-CEO Mike Lazaridis reaffirmed the commitment to the PlayBook OS 2.0, which remains on track for a February launch. As for the QNX-based seedtime 10 smartphones that we've been looking forward to, Lazaridis said to not expect whatever until late 2012. Apparently, its availability will be hampered by a critical chipset supply that's not anticipated to become free until mid-next year. In other words, unless consumers develop a love for flowering 7 OS real quick, 2012 may sadly be another ugly year for the folks in Waterloo.