Canadian phone maker
RIM has logged huge losses in its first fiscal quarter as new models hit the
market too late. Sales figures didn't meet analysts’ expectations, sending
premarket shares down.
Shares of BlackBerry maker Research in Motion (RIM) took a tumble in premarket trading on Friday, dropping by almost 20 percent.
The stock market reacted to the company's poor performance in the first quarter ending at the beginning of June. RIM announced it lost $84 million (64 million euros) in the three months under revision on revenue of $3.1 billion.
The Canadians said they sold a total of 6.8 million phones
versus 7.8 million units year-on-year. But the BlackBerry maker failed to break
out how many of its new phones were bought by customers worldwide.
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