News out of Waterloo isn’t all bad today, as Research in Motion has revealed its financial results for the third quarter of 2011. While the corporate previously needed to shrink its earlier earnings projections of $5.6 billion inside the quarter, it’s apparent the firm came near meeting that mark. After close of the markets today, RIM reported $5.2 billion in revenue with $265 million in net income and 14.1 million handsets shipped. The corporate was only ready to eke out 150,000 PlayBook tablets in this time-frame, however, which without a doubt contributed to those reduced numbers. Unfortunately, the market hasn’t taken so kindly to the revelation, as RIM’s stock has fallen seven-percent in after hours trading.
Developing …
Sprint launches New Ventures arm, adapts ID and Zone apps for foreign markets
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