Research In Slower Motion
Delays on Bold lower profit estimates, increase foam at mouth
BlackBerry maker Research In Motion's (RIMM) second-quarter revenue and profit estimates were lowered yesterday as a result of delays on Bold, the company's new handset.
The delay could significantly affect sales for the fiscal second quarter, according to Mike Abramsky, an analyst at RBC Capital Markets. Abramsky lowered his revenue estimate by $100 million.
Bold is Research In Motion's latest incarnation of its notoriously addictive smartphone. The device, named for its brilliant and clear display screen, has been receiving rave reviews among BlackBerry enthusiasts. AT&T (T) may begin selling the phone in mid-August, two to three weeks later than reported, according to Bloomberg.
For more on Research In Motion, check out Hoofy & Boo's always astute report.
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