Yesterday was not the best day for Research In Motion. Likewise for RIM shareholders. Today alone, RIM’s stock has already dropped 13% and has stayed around the $13/share mark. Nonetheless, here are the take away points from yesterday’s Q3 fiscal 2012 earnings call:

  • Revenue of $5.2 billion, up 24% from last quarter
  • BlackBerry smartphone shipments of 14.1 million, up 33% from Q2
  • GAAP net income of $265 million or $0.51 per share diluted; adjusted netincome of $667 million or $1.27 per share diluted
  • Subscribers up 35% year-over-year to almost 75 million
  • Mike Lazaridis and Jim Balsillie will now have $1/yr salary
  • New, dual-core chipset is root cause for delay of BlackBerry 10 superphones
  • BlackBerry 10 superphones will be LTE ready
  • RIM is still committed to PlayBook, despite their losses
Many analysts and shareholders believe RIM should can the PlayBook project and focus those resources into the smartphone division. In hopes of accelerating the release of the BlackBerry 10 superphones before a Q4 2012 release.