RIM performances over the years RIm had made over $10B profits for Investors over 9 years, but has loss
about $520M so far in F2013 because of mainly all of their goodwill writeoffs of $335m, restructuring costs
of $191M, settlement of Nokia lawsuit of $65M, etc and their transition costs over to BB10.
The Analysts were able to bring this stock down from over $148.00 to $6.10 on silly speculations
while their respective Companies short the stock ( will soon be covering)
How were they able to proclaim the demise of RIM based on one year performance and
get away with it.
However RIM performances over the years were great, except for this transition year
F2013, but with their new BB10 Phones and other innovations, RIM is going to be
profitable again from F2014
Year | Sales ($ millions) | Operating Income ($ millions) | Net Income |
2002[31] | 294 | (58) | (28) |
2003[31] | 307 | (64) | (149) |
2004[31] | 595 | 78 | 52 |
2005[31] | 1,350 | 386 | 206 |
2006[31] | 2,066 | 617 | 375 |
2007[31] | 3,037 | 807 | 632 |
2008[31] | 6,009 | 1,731 | 1,294 |
2009[31] | 11,065 | 2,722 | 1,893 |
2010[31] | 14,953 | 3,507 | 2,457 |
2011[31] | 19,907 | 4,739 | 3,444 |
2012 18,435 1,511 1,164