RIM investors must be holding their face in their hands this morning after reading how well Apple did in its latest fiscal quarter. While RIM bombed its most recent quarter, Apple blew away all expectations.
[ad#Google Adsense 300x250 in story]The sad part is that the RIM shareholders had a chance to make their feelings known at the companies annual meeting. Instead of standing up and being counted, they scurried away and let Jim Balsillie and Mike Lazaridis keep their jobs.
In its latest quarter, RIM said it shipped 13.2 million BlackBerrys and 500,000 PlayBooks. That’s shipped, not sold.
Co-CEO Jim Balsillie said that “fiscal 2012 has gotten off to a challenging start. The slowdown we saw in the first quarter is continuing into Q2, and delays in new product introductions into the very late part of August is leading to a lower than expected outlook in the second quarter.”
Funny, it doesn’t seem that challenging for Apple.
In it’s latest quarter, Apple reported $28.57 billion in revenue and a profit of $7.31 billion.
Apple sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. It also sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter.
Apple also sold 3.95 million Macs and 7.54 million iPods during the quarter, but that’s just gravvy at this point.
RIM, the people — your customers — have spoken. They don’t like your products.