Cable / Telecom News

Revenue, profits fall at RIM

WATERLOO – Research In Motion saw its second quarter revenue fall by 10% and profits nearly cut in half from the same period a year ago, the company reported Thursday.For the second quarter ended August 27th, RIM said that revenue was US$4.2 billion, down 15% from $4.9 billion in the previous quarter and down 10% from $4.6 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 73% for hardware, 24% for service, and 3% for software and other revenue. Adjusted net income for the second quarter was $419 million.RIM said that it shipped...