{"id":336504,"date":"2011-03-24T21:54:17","date_gmt":"2011-03-24T21:54:17","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/"},"modified":"2011-03-24T21:54:17","modified_gmt":"2011-03-24T21:54:17","slug":"rim-shares-plunge-on-weak-outlook","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/","title":{"rendered":"RIM shares plunge on weak outlook"},"content":{"rendered":"<p><div readability=\"67.7891440501\">    <!-- KEEP --><a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=RIMM\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png\" alt=\"chart_ws_stock_researchinmotionltd.top.PNG\" width=\"475\" height=\"280\" border=\"0\" class=\"cnnstoryImageFull\" \/><\/a><span><b>Research in Motion&#8217;s stock has been all over the map this year.<\/b><\/span><span id=\"fb-recommend\"\/><br \/>\n<span>By Laurie Segall, staff reporter<\/span><span>March 24, 2011: 5:51 PM ET<\/span><!--startclickprintexclude--><br clear=\"all\"\/><\/p>\n<p>NEW YORK (CNNMoney) &#8212; BlackBerry maker Research in Motion disappointed investors Thursday with revenue that rose 36% compared to last year but still fell short of expectations.<\/p>\n<p>The company reported a profit of $984 million, or $1.78 per share, edging past the consensus estimate of analysts polled by Thomson Reuters. But its sales of $5.56 billion came in slightly short of forecasts. <\/p>\n<p>RIM (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=RIMM&#038;source=story_quote_link\">RIMM<\/a>) shares fell 12% in after-market trading thanks to the company&#8217;s cautious guidance about its current quarter. Revenue is expected to be in the range of $5.2 billion to $5.6 billion, the company said. <\/p>\n<p>The forecast reflects customers&#8217; shift toward RIM&#8217;s lower-priced products, and RIM&#8217;s rising sales, marketing and development expenses from its forthcoming push into the tablet market. RIM also warned about a risk of potential supply-chain disruption as a result of Japan&#8217;s recent earthquake &#8212; a problem <a href=\"http:\/\/money.cnn.com\/2011\/03\/23\/technology\/apple_ipad_japan_supply_chain_concerns\/index.htm\">plaguing the consumer electronics industry<\/a>. <\/p>\n<p>The company&#8217;s closely watched PlayBook tablet will <a href=\"http:\/\/money.cnn.com\/2011\/03\/22\/technology\/rim_playbook_release_date\/index.htm\">go on sale next month<\/a>. With prices starting at $499, the new device will go head-to-head against Apple&#8217;s iPad.<\/p>\n<p>RIM says it&#8217;s bullish about its prospects. <\/p>\n<p>&#8220;As we enter fiscal 2012, RIM is in an excellent position,&#8221; Jim Balsillie, RIM&#8217;s co-CEO, said in a prepared statement. &#8220;We are extremely excited about our smartphone, tablet and platform roadmaps.&#8221;<\/p>\n<p>For its full 2011 fiscal year, which ended Feb. 26, RIM reported sales of $19.9 billion, up 33% from the previous year. Net income for the year was $3.4 billion, up 47%. <\/p>\n<p>BlackBerry smartphone shipments for the year totaled 52.3 million, up 43% from the previous year. \u00a0<a href=\"http:\/\/money.cnn.com\/2011\/03\/24\/technology\/rimm_earnings\/index.htm?section=money_topstories&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29#TOP\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/0e63013ebug.gif\" alt=\"To top of page\" border=\"0\" width=\"7\" height=\"7\" \/><\/a><\/p>\n<p><!--endclickprintexclude--><\/div>\n<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG-150x150.png\" \/><\/p>\n<p>Originally posted here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/rss.cnn.com\/~r\/rss\/money_topstories\/~3\/XQcYwXJfZt4\/index.htm\" title=\"RIM shares plunge on weak outlook\" rel=\"noopener noreferrer\">RIM shares plunge on weak outlook<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Research in Motion&#8217;s stock has been all over the map this year. By Laurie Segall, staff reporter March 24, 2011: 5:51 PM ET NEW YORK (CNNMoney) &#8212; BlackBerry maker Research in Motion disappointed investors Thursday with revenue that rose 36% compared to last year but still fell short of expectations. The company reported a profit of $984 million, or $1.78 per share, edging past the consensus estimate of analysts polled by Thomson Reuters. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-336504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RIM shares plunge on weak outlook - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"RIM shares plunge on weak outlook - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Research in Motion&#039;s stock has been all over the map this year. By Laurie Segall, staff reporter March 24, 2011: 5:51 PM ET NEW YORK (CNNMoney) -- BlackBerry maker Research in Motion disappointed investors Thursday with revenue that rose 36% compared to last year but still fell short of expectations. The company reported a profit of $984 million, or $1.78 per share, edging past the consensus estimate of analysts polled by Thomson Reuters.\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"RIM shares plunge on weak outlook\",\"datePublished\":\"2011-03-24T21:54:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/\"},\"wordCount\":285,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/\",\"name\":\"RIM shares plunge on weak outlook - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png\",\"datePublished\":\"2011-03-24T21:54:17+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#primaryimage\",\"url\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png\",\"contentUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RIM shares plunge on weak outlook - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/","twitter_card":"summary_large_image","twitter_title":"RIM shares plunge on weak outlook - Ghanamma.com","twitter_description":"Research in Motion's stock has been all over the map this year. By Laurie Segall, staff reporter March 24, 2011: 5:51 PM ET NEW YORK (CNNMoney) -- BlackBerry maker Research in Motion disappointed investors Thursday with revenue that rose 36% compared to last year but still fell short of expectations. The company reported a profit of $984 million, or $1.78 per share, edging past the consensus estimate of analysts polled by Thomson Reuters.","twitter_image":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/"},"author":{"name":"","@id":""},"headline":"RIM shares plunge on weak outlook","datePublished":"2011-03-24T21:54:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/"},"wordCount":285,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#primaryimage"},"thumbnailUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/","url":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/","name":"RIM shares plunge on weak outlook - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#primaryimage"},"thumbnailUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png","datePublished":"2011-03-24T21:54:17+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2011\/03\/24\/rim-shares-plunge-on-weak-outlook\/#primaryimage","url":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png","contentUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/7613112ationltd.top_.PNG.png"},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/336504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=336504"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/336504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=336504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=336504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=336504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}