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RIM shares slump as service revenue, subscriber concerns weigh

(Reuters) – Research In Motion shares tumbled more than 10 percent on Thursday after the company reported the first ever decline in its subscriber numbers and outlined plans to transform the way it charges for its BlackBerry services. RIM, which hopes to revive its fortunes and reinvent itself via the launch of a brand new line of BlackBerry 10 devices next month, caught investors off-guard on its quarterly conference call, when it said it plans to alter its service revenue model – a move that will pressure the high-margin business that accounts for about a third of RIM's sales. …

Quoted from RIM shares slump as service revenue, subscriber concerns weigh on Gadgets News Headlines – Yahoo! News

Reuters. Research In Motion shares neared a two-year low on Monday after the BlackBerry maker said it had recalled about 1,000 of its Playbook tablet puters due to an operating system flaw. On an operating basis, RIM fared a little better than Wall Street had expected. It reported a loss of $114 million or 22 cents a share, excluding one-time items. Analysts, on average, had forecast rally after pre-holiday of Research In Motion Ltd jumped more than 11% on the Toronto Stock Exchange on Thursday, following similar gains in New York on Wednesday Tags: shares, rally, after, holiday, RIM shares slump on subscriber declined 10% on Thursday after the pany reported the first ever decline in its numbers and outlined plans to transform the way it charges for its BlackBerry s. of Research in Motion tumbled another 10.5% at the start of Wednesday’s session the Street reacted to the pany's projection of a first-quarter operating loss.

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