RIM beats estimates in Q3, but subscriber base shrinks

RIM Research In Motion ( RIMM ) on Thursday posted its financial results for its fiscal third quarter, which ended on December 1st. Investor sentiment has been mixed leading up to the struggling vendor s third-quarter report, with some analysts insisting there was still money to be made ahead of RIM s BlackBerry 10 launch and others already counting the days until the company buckles . Wall Street s consensus for fiscal Q3 2013 saw RIM posting a loss of $0.35 per share on $2.65 billion in revenue and RIM beat expectations on Thursday, recording a net loss of $114 million, or $0.22 per share, on $2.7 billion in sales. This marks RIM s fourth consecutive quarterly loss as the company pins its hopes on BlackBerry 10 , which will be unveiled during a press conference on January 30th .

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As far as product shipments go, RIM shipped 6.9 million BlackBerry smartphones on the quarter and just over 250,000 BlackBerry Playbook tablets. The 6.9 million smartphone shipments represent an 51% year-over-year drop from the third quarter of 2011. Even more ominously for RIM, its subscriber base shrunk by 1 million users over the quarter, as the company now counts 79 million total subscribers.

This article was originally published by BGR

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