RIM's iPhone, even comes without 3G!!
#1
RIM's iPhone, even comes without 3G!!
#6
but still, no 3G = weak sauce...I'd excuse Apple, I mean this is their first phone EVER, how many has RIM made?, wtf?
Last edited by viper_2_4; 21-Dec-2007 at 12:49 AM.
#7
Apple® today announced financial results for its fiscal 2007 first quarter ended December 30, 2006. The Company posted record revenue of $7.1 billion and record net quarterly profit of $1.0 billion, or $1.14 per diluted share. These results compare to revenue of $5.7 billion and net quarterly profit of $565 million, or $.65 per diluted share, in the year-ago quarter. Gross margin was 31.2 percent, up from 27.2 percent in the year-ago quarter. International sales accounted for 42 percent of the quarter’s revenue.
#8
Revenue for the third quarter of fiscal 2008 was $1.67 billion, up 22% from $1.37 billion in the previous quarter and up 100% from $835.1 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 80% for devices, 14% for service, 4% for software and 2% for other revenue. Approximately 1.65 million BlackBerry® subscriber accounts were added in the quarter and over 3.9 million devices were shipped. The total BlackBerry subscriber account base at the end of the third quarter was approximately 12 million
so much for the iPhone impacting blackberry sales
Their revenue will continue to increase simply because of the massive amount of cell phone users converting to smart phones, but the industry is very competitive. They have pressure on their software from Microsoft, pressure on hardware from iPhone and others. So they will need that increased revenue to show a bottom line gain with the lower margins.
I'm not saying they won't do well, their unique situation of collecting a fee for handling the email distribution is a sustainable competitive advantage, but don't kid yourself, they will be impacted by the iPhone. It will get a lot of the non-business smart phone converts, especially once it is released in more markets (it's roll-out has been slow, Canada is just one example).
#9
Apple® today announced financial results for its fiscal 2007 first quarter ended December 30, 2006. The Company posted record revenue of $7.1 billion and record net quarterly profit of $1.0 billion, or $1.14 per diluted share. These results compare to revenue of $5.7 billion and net quarterly profit of $565 million, or $.65 per diluted share, in the year-ago quarter. Gross margin was 31.2 percent, up from 27.2 percent in the year-ago quarter. International sales accounted for 42 percent of the quarter’s revenue.
lol...and you posted this because?
Apple does a lot more then sell iPhones...and that is from last year not this year.
Last edited by shlammed; 21-Dec-2007 at 02:56 AM.
#15
Net Income for the quarter was $370.5 million, or $0.65 per share diluted, compared with net income of $287.7 million, or $0.50 per share diluted, in the prior quarter and net income of $175.2 million, or $0.31 per share diluted, in the same quarter last year. ...
...As you can see, RIM's share of non-enterprise market is only GROWING. More devices targeted towards non-enterprise users + way better establishment worldwide = iPhone won't have much effect.
...As you can see, RIM's share of non-enterprise market is only GROWING. More devices targeted towards non-enterprise users + way better establishment worldwide = iPhone won't have much effect.
Also, I don't look at RIM's net income without recasting it. There is so much noise in there from litigation and tax recoveries, etc. And looking at things quarter by quarter is only part of the analysis, year-to-date data is also necessary, however, the decreasing margins will be there either way.
And of course their share of non-enterprise is growing, the smart phone industry is exploding, it should be growing. The key is what percentage of the industry increase are they getting? Definitely losing some potential to the iPhone, which will only increase with its expanding availability. Also, more sales but lower margins, means less profitability than meets the eye.
#16
the consumer market however is an entirely different story...
On a related note, I was reading apparently Palm Inc. has reduced their employee size from 1200~ to around 250~ (or something like that, I might be quoting the figures wrong)....apparently selling a 3 year old phone (even if its a good one) doesn't bring in all kinds of money, who would have thought!
#17
Like I said, look at their gross margins, they are decreasing. It was 54.2% for the three quarters ended December 2, 2006, it was only 51.3% for the quarter ended September 1, 2007 and is only 50.3% for the quarter ended December 1, 2007. It's even worse if you look at income after R&D and SG&A, 24.8% to 20.8% to 19.7%. These lower margins will only continue to decline as this very competitive industry experiences increasing competition. This is a bad sign, because it means that they need their revenue increases, and when they stop, so does RIM's profitability. When you are competing against Microsoft and Apple you are in a tough spot, look for those margins to continue declining.
Also, I don't look at RIM's net income without recasting it. There is so much noise in there from litigation and tax recoveries, etc. And looking at things quarter by quarter is only part of the analysis, year-to-date data is also necessary, however, the decreasing margins will be there either way.
And of course their share of non-enterprise is growing, the smart phone industry is exploding, it should be growing. The key is what percentage of the industry increase are they getting? Definitely losing some potential to the iPhone, which will only increase with its expanding availability. Also, more sales but lower margins, means less profitability than meets the eye.
Also, I don't look at RIM's net income without recasting it. There is so much noise in there from litigation and tax recoveries, etc. And looking at things quarter by quarter is only part of the analysis, year-to-date data is also necessary, however, the decreasing margins will be there either way.
And of course their share of non-enterprise is growing, the smart phone industry is exploding, it should be growing. The key is what percentage of the industry increase are they getting? Definitely losing some potential to the iPhone, which will only increase with its expanding availability. Also, more sales but lower margins, means less profitability than meets the eye.
RIM continues to break their own records of units shipped + new accounts per quarter. There was a lot of talk of RIM sales slumping after the iPhone release and it didn't happen.
That is all I'm trying to say.
And after that nice analysis you just gave, RIM's stock is still +$11 since releasing Q3 results.
w00t.
Last edited by shlammed; 21-Dec-2007 at 09:21 PM.
#18
well, people who said the BB will lose in the enterprise environment to the iPhone were morons...the iPhone never was trying to compete there...
the consumer market however is an entirely different story...
On a related note, I was reading apparently Palm Inc. has reduced their employee size from 1200~ to around 250~ (or something like that, I might be quoting the figures wrong)....apparently selling a 3 year old phone (even if its a good one) doesn't bring in all kinds of money, who would have thought!
the consumer market however is an entirely different story...
On a related note, I was reading apparently Palm Inc. has reduced their employee size from 1200~ to around 250~ (or something like that, I might be quoting the figures wrong)....apparently selling a 3 year old phone (even if its a good one) doesn't bring in all kinds of money, who would have thought!
ya Palm is cutting back big time
Anyways, 34% of RIM's customer base being non-enterprise is still pretty significant for a company who runs the enterprise portion of the industry.
That's approx. 4 million/12 million users world wide.
#20
that's great, but im not talking about the company's profitability or gross margins, I'm simply speaking of units sold.
RIM continues to break their own records of units shipped + new accounts per quarter. There was a lot of talk of RIM sales slumping after the iPhone release and it didn't happen.
That is all I'm trying to say.
And after that nice analysis you just gave, RIM's stock is still +$11 since releasing Q3 results.
w00t.
RIM continues to break their own records of units shipped + new accounts per quarter. There was a lot of talk of RIM sales slumping after the iPhone release and it didn't happen.
That is all I'm trying to say.
And after that nice analysis you just gave, RIM's stock is still +$11 since releasing Q3 results.
w00t.
Last edited by mugenpowered; 22-Dec-2007 at 12:40 AM.