RIM's hardware department could be losing money

RIM is going down quickly and the latest financials made it obvious even for the most loyal ‘Berry fans. Adding salt to the wound, a bunch of top level executives started leaving the company, and to make matters even worse now, the Canadian company’s latest regulatory filing, reveals that RIM’s hardware department is probably losing money.
For RIM’s fiscal year ending February 2012 gross margins slumped to 20%, down from 36% on a GAAP basis. Jefferies analyst Peter Misek theorizes that after accounting for operating costs and inventory charges, this results in a loss.
According to the analyst, RIM’s hardware department is in the red: -8% on a GAAP basis, -3% on a non-GAAP basis, or -4% on an... »read more

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