BlackBerry maker RIM lowered its outlook for additional subscribers for the rest of its fiscal year because of product launch delays, but kept revenue forecasts for the current quarter in line with previous expectations. RIM lowered its subscriber additions forecast by 3 percent to between 775,000 and 825,000. RIM expects $540 million to $570 million in revenue for its third quarter ending November 26. The company's shares plummeted 9 percent following the lowered subscriber forecasts. The company's shares have lost 19 percent since the beginning of the year. RIM is anxiously awaiting a ruling on its NTP patent dispute over its wireless email offering. Many expect a decision on whether the previously discussed settlement of $450 million should be enforced.
For more on RIM's lowered subscriber forecast:
- read this article from the AP