RIM reports Q1 fiscal results, job cuts and product delays lay ahead

RIM announced its Q1 results for the fiscal 2013 today. The Canadian maker of everything BlackBerry reported a net loss of $518 million on $2.8 billion of revenue. The latter is down 33%, compared to the previous quarter, while the net loss is significantly larger than the analysts' estimates. The company has shipped 7.8 million BlackBerry smartphones (down from more than 11 million in the previous quarter) and 260,000 PlayBooks.
The bad news continues with the announced delay of the BlackBerry 10 devices until Q1 of the calendar 2013. Apparently the integration of some key OS features into the new devices has been going worse than planned.

GSM Arena , RIM reports Q1 fiscal results, job cuts and product delays lay ahead, RIM reports Q1 fiscal results, job cuts and product delays lay ahead