{"id":39319,"date":"2012-12-22T09:45:00","date_gmt":"2012-12-22T09:45:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/research-in-motion-plunges-on-drop-in-subscriber-base-rimm\/39318\/"},"modified":"2012-12-22T09:45:00","modified_gmt":"2012-12-22T09:45:00","slug":"research-in-motion-plunges-on-drop-in-subscriber-base-rimm","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/research-in-motion-plunges-on-drop-in-subscriber-base-rimm\/39319\/","title":{"rendered":"Research In Motion Plunges on Drop in Subscriber Base (RIMM)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Despite reporting lighter than expected losses in fiscal third quarter, shares of Blackberry smartphones maker, Research In Motion (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=RIMM\" target=\"_blank\" rel=\"noopener\">NASDAQ: RIMM<\/a>) plummeted 22.73 percent on Friday, after the company, following closing bell ring on Thursday said that its subscribers base declined in three months period&#8212;a first drop in Company\u2019s history. Moreover, investors were also surprised when after the company announced its plans to change its service revenue model\u2014a move which could dent its high margins.<\/p>\n<p><span id=\"more-39319\"><\/span><\/p>\n<p>The company said that it subscribers base in the third quarter fell to 79 million from 80 million in the previous quarter.<\/p>\n<p>Now, it will be interesting to see whether the company is able to win back investors\u2019 faith once it launches its much anticipated Blackberry10 or BB10, next month. According to industry analysts, the launch of BB10 operating system is last throw of the dice as the company looks to revamp its flagging smartphone business. The Company has lost considerable smartphones market-share to its American rivals such as Apple\u2019s iphones and Google Andriod operating system\/<\/p>\n<p>For the fiscal third quarter, the Canada based company reported that its third quarter revenue plunged 47 percent to $2.7 billion. Net loss on non-adjusted basis or GAAP basis, stood at $ 9 million or 2 cents a share, compared with profit of $265 million or 51 cents a share.<\/p>\n<p>After excluding onetime expenses or earnings based on non-GAAP method, stood at minus $114 million or loss of 22 cents a share. Analysts polled by Thomson Reuters were expecting loss of 35 cents a share.<\/p>\n<p>The company said that it shipped around 6.9 million BlackBerry smartphones and about 255,000 PlayBook tablets during the fiscal third quarter.<\/p>\n<p>For the current quarter, the Company is expecting to report operating loss since it will spend significant amount of money on marketing efforts for the launch of its much-hyped BB10.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121224131556\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fresearch-in-motion-plunges-on-drop-in-subscriber-base-rimm%2F39319&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-edge-higher-silver-prices-also-gain-17\/39321\">\nGold Prices Edge Higher; Silver Prices Also Gain<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/futures-edge-lower-2\/39320\">\nFutures Edge Lower<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/research-in-motion-plunges-on-drop-in-subscriber-base-rimm\/39319\">\nResearch In Motion Plunges on Drop in Subscriber Base (RIMM)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-settle-higher-but-post-4th-successive-weekly-losses\/39317\">\nGold Prices Settle Higher, But Post 4th Successive Weekly Losses<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-update-after-hours-december-21\/39310\">\nMarket Update After Hours December 21<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-sharply-lower-on-fiscal-cliff-worries\/39301\">\nStocks End Sharply Lower on Fiscal Cliff Worries<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-edge-higher-silver-prices-also-gain-16\/39300\">\nGold Prices Edge Higher; Silver Prices also Gain<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121224131556im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite reporting lighter than expected losses in fiscal third quarter, shares of Blackberry smartphones maker, Research In Motion (NASDAQ: RIMM) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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