Will RIM's deep dive into consumer market yield treasure? - Latif Lewis

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Will RIM's deep dive into consumer market yield treasure?
Apr 02, 2009 02:00 PM UTC

Latif Lewis

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Via BloggingStocks:

Filed under: Earnings reports, Apple Inc (AAPL), Research in Motion (RIMM)

BlackBerry maker Research In Motion (NASDAQ: RIMM) is set to release its fourth-quarter earnings results after the closing bell today. According to analysts polled by Thomson Reuters, the Canadian-based mobile phone manufacturer is expected to ring up a profit of 84 cents a share on $3.42 billion in revenue -- a big feat for any company during the current economic climate.

The company has plenty going for it. It has millions of loyal subscribers and sales of "smart" phones are expected to climb this year, in sharp contrast to the outlook for the overall wireless industry. But the company faces some headwinds as well. Increased competition, a lagging stock price and concerns that its expansion into the consumer market could take a bite out of profits down the road.

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