Apple, Microsoft, Make RIM's Road Rockier
WATERLOO, Ontario (TheStreet) -- Beleaguered handset maker Research In Motion(RIMM) , which reports its fourth-quarter results after market close, continues to feel the pressure from Apple(AAPL) , Google(GOOG) Android devices and, increasingly, Microsoft(MSFT) Windows phones.
RIM's fiscal fourth-quarter report after Thursday's close will be the first since new CEO Thorsten Heins took over from the embattled management duo of Jim Balsillie and Mike Lazaridis. The incoming RIM chief faces a massive challenge turning RIM around.
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| RIM reports fourth-quarter results after market close. |
"Our monthly channel checks indicated weak sell-through trends for BlackBerry 7 smartphones despite increased marketing efforts," explained Michael Walkley, an analyst at Canaccord Genuity, in a note released on Thursday. "With strong share gains for the iPhone 4S, increasingly price-competitive Android smartphones, improving Windows smartphones, and strong initial sales trends for the new iPad, we anticipate increasing competition across all of RIM's products."
Analysts surveyed by Thomson Reuters expect RIM to report revenue of $4.54 billion, and earnings of 81 cents a share, down from $5.6 billion and $1.78 a share in the prior year's quarter. RIM has forecast fourth-quarter revenue of between $4.6 billion and $4.9 billion, and earnings ranging from 80 to 85 cents a share.
"Our supply chain feedback is that BlackBerry continues to lose momentum to iOS and Android while Windows Phone appears to be gaining some traction," added Shaw Wu, an analyst at Sterne Agee, in a recent note.
