Research In Motion is the latest smartphone maker to fall victim to the sagging economy.
The maker of the popular BlackBerry mobile devices late on Tuesday reduced its outlook for its fiscal third quarter, which ended on Saturday. The company said it expects to earn between 81 cents and 83 cents a share on revenue of between $2.75 billion and $2.78 billion. In September, RIM said it expected profits between 89 cents and 97 cents on revenue of between $2.95 billion and $3.1 billion.
RIM's executives blame the shortfall on the stronger dollar and the &… Read more