RIM keeps losing money as revenues fall further

RIM posted its financial report on the three months period ending on March 3 this year and as you could expect there are few good news inside. The company keeps losing market share and cash and it has even come to the point where it will discontinue providing quantitative guidance for the future. The company shipped 11.1 million phones during the three months and that include the majority of holiday shopping, which represents a 21% sequential decrease. Revenues were down 19% to $4.2 billion and RIM reports a net loss of $125 million.

GSM Arena, RIM keeps losing money as revenues fall further