{"id":23220,"date":"2012-09-28T08:39:35","date_gmt":"2012-09-28T06:39:35","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=23220"},"modified":"2012-09-28T08:59:16","modified_gmt":"2012-09-28T06:59:16","slug":"rim-reports-quarterly-loss","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/23220\/rim-reports-quarterly-loss\/","title":{"rendered":"RIM reports quarterly loss"},"content":{"rendered":"

Research In Motion Ltd<\/a> reported a smaller-than-expected quarterly loss on Thursday and the struggling BlackBerry<\/a> maker managed to increase its cash pile in the run-up to the launch of its make-or-break line of next generation devices.<\/p>\n

The Waterloo, Ontario-based company reported a net loss of $235 million or 45 cents a share, in its fiscal second quarter, ended Sept 1. That compared with a profit of $329 million, or 63 cents, in the same period a year earlier.<\/p>\n

Excluding one-time restructuring-related items, the loss came in at $142 million, or 27 cents a share, in the quarter just ended.<\/p>\n

Analysts, on average, had expected RIM to reported a loss of 46 cents a share, according to Thomson Reuters I\/B\/E\/S.<\/p>\n

RIM increased its cash to about $2.3 billion from $2.2 billion in the fiscal first quarter.<\/p>\n

Having sufficient cash on hand is seen as crucial to a successful launch of RIM’s line of revamped smartphones that will run on its new BlackBerry 10, or BB10 operating system.<\/p>\n

The company has staked its future on BB10. A one-time smartphone pioneer, RIM’s fortunes have faded as rivals such as Apple Inc<\/a> and Samsung Electronics<\/a> have taken market share form the BlackBerry with new slick devices like the iPhone 5 and Galaxy S III.<\/p>\n

Related articles<\/strong><\/p>\n

RIM\u2019s BlackBerry numbers offer investors hope<\/strong><\/a><\/p>\n

RIM reports jump in subscriber numbers<\/strong><\/a><\/p>\n

RIM braces for \u201cdismal\u201d quarter<\/strong><\/a><\/p>\n

BlackBerry aims to \u201cextend\u201d its position in SA<\/strong><\/a><\/p>\n

RIM promises a better-connected BB10<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Research in Motion has posted a quarterly loss of $235 million, while also building its cash pile ahead of the launch of the company’s new BlackBerry line. <\/p>\n","protected":false},"author":7,"featured_media":4983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,161,159,157],"class_list":["post-23220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-blackberry","tag-research-in-motion","tag-rim"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=23220"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23220\/revisions"}],"predecessor-version":[{"id":23228,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23220\/revisions\/23228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4983"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=23220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=23220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=23220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}