RIM CEO Lazaridis Contradicts 2011 Q3 Financials Press Release
RIM announced that it lost $485 million in 2011 Q3 due to its pointless PlayBook tablet. But how is its Q4 outlook?
Mike Lazaridis, Co-CEO at Research In Motion announced in press release:
“Early results from recent PlayBook promotions indicate a significant increase in demand across most channels.”
However, just one paragraph down, the RIM press release notes different expectation that the CEO’s words. Shipment for the holiday quarter, a time when most companies post record sales:
RIM expects unit shipments in the fourth quarter to be below third quarter levels.
Looking at the history of three generations of RIM vaporware, it’s not the first time Lazaridis is wrong. But at least they are finally selling a tablet.
Here are the facts about Playbook shipment into channel inventory: Q1 500,000, Q2 250,000, Q3 150,000. That surely shows the “increase in demand”. In strong contrast of under-one-million RIM tablet “shipped” to channel inventory over 3 quarters, Apple sold 11.12 million iPad in the most recent quarter.
- RIM Loses Massive $485-Million On Poorly Selling Playbook Tablet
- Apple 2011 Q2 Financials: Record Quarter, 113% iPhone Growth
- Apple Q3 2011 Financials: Revenue Up 82%, iPhone Up 142%, iPad Up 183%
- Android Maker Motorola Mobility Ships 440,000 Xoom Tablet, Suffers 2011 Q2 Loss
- Apple 2011 Q4 Financials, iPhone, iPad, iPod, Mac Sales