the Waterloo, Ontario-based company said it earned $495.5 million, or 86 cents per share, in the fiscal second quarter, which ended Aug. 30. That was a 72 percent rise from net income of $287.7 million, 50 cents per share, in the same quarter last year
RIMM is down 78.01 -19.52 (-20.01%) this morning in pre-trade as a result of their margin forcast going forward.
[RIMM] warned on Thursday that profit in the current quarter would come in lower than analysts had expected because of higher costs related to its newest BlackBerry smartphones
RIM did not share but we know why they are willing to spend so much to grow. iPhone.
If there is one thing that has settled in my mind over the last few days is that (for right now) the iPhone is literally in its own market space. We can talk about iPhone Vs. Blackberry or iPhone vs Android (GooMo love it) or iPhone vs WinMo (sad) but the reality is that every phone that claims to do more than just make calls is compared to the iPhone. There are phones that do things better (email Blackberry) and there are phones with features the iPhone does not yet have but the entire handset industry is running to keep up with just one player. iPhone.
The quarter ends in a couple of weeks and Apple will report similar stunning earnings with outstanding unit growth in all segments. And then their stock price will get killed too.
More to come
Writer loves his mother and is long AAPL, you should love your mother but what you do with AAPL is up to you
1 comment:
Dang ... I thought there'd be pictures!
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