The earnings call has started and I will try to do a rundown of what is said as it happens!
- RIM is now a leaner and much more efficient organization – Heins
- Most regions were stable or showed growth in users, but, the USA declined a lot which caused the net loss of users over the quarter – Heins
- Reaction to BB10 from carriers has been “exceptional”
- BB10 will be available “shortly” after Jan 30
- 150 carriers now testing BB10
- Heins believes RIM is in very strong financial shape, the balance sheet is terrific
- RIM believes their abilities to handle the patent wars is very good, which will help them in the future
- RIM plans to offer a range of services to go with BB10
- BIS users will generate very little to no service revenue; however, enterprise users will continue to require to pay service fees – This is BIG
- The whole model of service fees will be changing
- Customers demand and respond to innovation and BB10 delivers on this request
- Heins believes the company has stabilized and they will turn the corner in the next year
- Next quarter will be rough due to combination of things including: People not buying BB7 devices because they will wait BB10 and huge marketing budget
- Current workforce is 13400 and layoffs are about 75% done
- RIM will have many pricing tiers for services related to BIS/BES, this will allow them to dominate the enterprise market by offering the right services for each company that needs enterprise services
- More info on these service fee changes will be announced once BB10 is launched
- will offer additional services “beyond the traditional mobile device management”
- Research and Development costs are the most they have been in 12 quarters
- BB7 USERS WILL NOT BE AFFECTED BY SERVICE FEE CHANGES, WILL ONLY AFFECT BB10 USERS
Mr. Mo ( View Profile) - Posts: