analysts say: "Profit, excluding some costs, fell to 80 cents a share, RIM said today in a statement. Analysts predicted 88 cents, according to a Bloomberg survey. Revenue fell to $4.17 billion in the three months through Aug. 27, compared with the average estimate of $4.47 billion."
In order to compete with the iPAD RIMM introduced the PlayBook, which is struggling to gain ground against the iPad, with the Apple Inc. device outselling the RIM tablet 46 to 1 in the latest quarter.There is also A range of new BlackBerrys with more advanced touch-screen features, RIM’s first new models in a year, have to lure customers away from Apple’s iPhone and phones running Google Inc.’s Android software.
So with this knowledge what your opinion is their room for growth of the RIMM stock?
Has it bottomed out