Wednesday, February 11, 2009
BlackBerry Storm: Press and Be Depressed?
Are Research in Motion customers opting for the company’s Curve and Pearl BlackBerries over the BlackBerry Storm, its new touchscreen smartphone? Or are they trading the Storm in for one of those older models? That would seem to be the implication of the company’s announcement today that its fourth-quarter profits could fall on the low end of forecasts despite good growth in subscriptions.




Research In Motion’s downside guidance for the third quarter is playing hell with the company’s share price today. After market close Tuesday, RIM said revenues for the three months ended November will fall short of its earlier forecast. The company blamed the news on product-launch timing, general economic conditions and foreign-exchange volatility, but could there be something else at work here a well? Like an uncompelling product line?