RIM Falls 10 Percent, Worries Shift to BlackBerry Service Fees
Research In Motion Ltd. swung back to profitability in its fiscal third quarter, but the BlackBerry maker fell short of resolving some of its biggest challenges as it gears up to introduce its new line of smartphones next month.
Investors initially cheered the largely better-than-expected earnings results. RIM also said it had bolstered its cash position in the quarter—an encouraging move as the company ramps up a marketing drive for its new operating system, BlackBerry 10, which rolls out with two new phones on Jan. 30.
