RIM Says Third-Quarter Sales Figures May Disappoint

Boston (dbTechno) - Research In Motion (RIM) has come out and announced on Tuesday that sales figures for the third quarter are likely to fall below expectations, and will disappoint.

RIM continues to be a very strong company with their mobile phone business, as the BlackBerry remains a major player.

The BlackBerry makers though expect revenues for the fiscal quarter to come up short.

The expectation is that they will be 9% below forecasts, coming in at around $2.75 billion.

In regards to new subscriber accounts, BlackBerry is falling short as well as they expected 2.9 million new accounts, but will end up with around 2.6 million.

RIM has been enjoying a great deal of success with the BlackBerry for a very long time, but is being met with some new competition in the form of the Apple iPhone, which continues to do very well in the smartphone market.

This news comes as RIM released their first touch-screen BlackBerry, the Storm.