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RIM reports fiscal fourth quarter results: $125m loss on $4.2b revenue

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RIM's fiscal fourth quarter reports included a $125 million loss before adjustments on revenue of $4.2 billion. Revenue dropped 19 percent from the third quarter, and shipments of BlackBerry phones dropped 21 percent.

RIM CEO Thorsten Heins
RIM CEO Thorsten Heins

RIM has just announced its earnings for its fiscal fourth quarter of 2012, and as expected, they're not good: the company lost $125 million before adjustments on revenue of $4.2 billion. That revenue is down 19 percent from the third quarter. Its BlackBerry smartphone shipments aren't doing so well either: in Q4, RIM shipped 11.1 million, down 21 percent from Q3. Due to its weak sales and focus on building a BlackBerry 7 subscriber base in the next year, RIM also says it won't be giving public projections of how much it plans to make from phone sales for the upcoming quarters. That frees RIM from short-term pressure to meet specific goals, but it also means the company is expecting some poor numbers in the near future.

CEO Thorsten Heins said he was "very excited about the prospects for the BlackBerry 10 platform," which the company is counting on to revitalize its offerings when it's released in the second half of this year. In the meantime, RIM will be looking at "increased management accountability," something that may be referencing the large number of high-level departures we've just seen. Heins says RIM is also looking to leverage its assets with partnerships, joint ventures, and licensing.

Listen to the full audio of the earnings call below.