So far, this week’s news is a mix of the bad and the good.
In the first and second categories, Research in Motion reported long after the close last night that it blew its third quarter:
- Quarterly sales will drop between $2.75-$2.78 billion, below the $2.96 billion consensus and about 9% below its $2.95-$3.10 billion forecast.
- RIM added 2.6 million new subscribers in Q3, 10% below its 2.9 million forecast.
On a happier note, RIM also announced that on the day its new BlackBerry Storm launched “daily net subscriber account additions reached a record level.” Fine, but if RIM wants to go head-to-head with Apple’s iPhone (and avoid Palm’s fate) they need to deliver products: The Storm is still back-ordered at Verizon Wireless, and the BlackBerry faithful aren’t happy about it.