Research in Motion (RIM), maker of BlackBerry, recorded in the first nine months of fiscal losses amounting to 744 million dollars (572 million euros), compared with net profit of 1,289 million (991 million) from the same period last year, the company said.

The turnover of the Canadian multinational stood at 8.396 million dollars (6,458 million euros), 41% below the corresponding figure for the first nine months of its fiscal year preceding. In its fiscal third quarter, RIM reported net income of $ 9 million (7 million euros), 96.6% less than the same period last fiscal year, while its sales decreased by 47.2%, to 2.727 million dollars (2,097 million euros).

Looking ahead, the Canadian company expected to continue the pressure on its operating results in anticipation of the launch of the platform 'BlackBerry 10' in its fiscal fourth quarter. In this regard, believes RIM shares continue using the handset prices 'BlackBerry 7' and their rates in some services. "The launch of 'BlackBerry 10' on January 30, 2013 may cause some customers to postpone their purchases and wait for the 'BlackBerry 10', which will affect the volume of sales, subscribers, margins and commissions," said the company.

RIM shares fall 10% by a decrease in the number of subscribers Research In Motion said yesterday it plans to change the way it charges for its BlackBerry services, after posting that its subscriber base has fallen for the first time in its history. As a result of both news, shares in the U.S. fell 10 percent after the close of the session.

Previously, the shares were up 8 percent to $ 15.25 (11.52 euros) in after-hours trading, after the smartphone maker adjusted publish a quarterly loss smaller than expected. It also said it had increased its cash cushion before the release next month of the expected BB10. But sentiment turned negative during a conference call with analysts.

The CEO Thorsten Heins said the company would offer more flexible pricing for their services, once valued for its safety features, but faced increasing competition from rivals. Analysts on the conference call expressed concern that the change could reduce the revenue stream of profitable services RIM, and the company's shares traded in the U.S. fell nearly 10 percent to $ 12.74 (9.62 euros) at 18.20 New York time.



One reason stocks rose initially because RIM managed to increase its cash cushion to 2,900 million dollars (2,191 million euros) in the quarter, from $ 2,300 million (1,737 million) in the previous period. That's important, because RIM will need the funds to manufacture and effectively promote the BlackBerry 10 in a saturated market. The company depends on the new line to regain lost market share in recent years to rivals like Apple's iPhone and a number of models that run on Google's Android operating system.

Moreover, the mobile phone maker Nokia has reached an agreement with Canada's Research In Motion (RIM) to withdraw all pending lawsuits and to terminate the litigation between the two parties in the U.S., Canada and UK

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