RIM Q3 profit falls; shares drop on outlook  

In Reuters:

Research In Motion posted a 27 percent drop in quarterly profit on Thursday and said it would ship between 11 million and 12 million BlackBerry smartphones in the weeks around Christmas, the first decline in years for that historically strong period.

Last year, RIM sold 14.1 million BlackBerries in Q4. This year, they expect to sell just 11-12 million. Year ago net income (profit) from Q3 (the quarter that just ended) was $911mm. This year? $667mm.

It’s the beginning of the end.

See: RIM’s Q3 2012 results (PDF).