The new look of BlackBerry 10.
(Credit: Jessica Dolcourt/CNET)
Research In Motion's developer powwow this week delivered a small dose of good news as the company touted 80 million subscribers and kept its BlackBerry 10 timelines, but the bad news is on deck later today: fiscal second-quarter financial results.
To say expectations for RIM's second quarter are low would be a major understatement. Wall Street is expecting RIM to report a loss of 47 cents a share on revenue of $2.5 billion for the fiscal second quarter, and a miss wouldn't surprise anyone.
In fact, analysts are more focused on RIM's cash burn rate and whether the company can merely hold the fort. Read on for a sampling of comments from Wall Street analysts, who are pessimistic across the board.
Wedbush analyst Scott Sutherland said:
RIM is at a long-term competitive disadvantage as we remain doubtful QNX OS (BlackBerry 10) devices will ignite a turnaround. While other competitors are well along the way in developing a connected device ecosystem, RIM remains channeled mostly in smartphones and autos (QNX). Tablets have been disappointing, and the company is non-existe... [Read more]
via CNET http://feedproxy.google.com/~r/cnet/NnTv/~3/Le0xJn_cz6M/
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