Research in Motion has just announced its financial results for the fourth fiscal quarter of 2012. The BlackBerry-maker has once again reported poor results, which is highlighted by the 19% decrease in revenue from the previous quarter (Q4 2012 revenue was $4.2 billion). The company revealed that it shipped 11.1 million BlackBerry smartphones and 500,000 BlackBerry PlayBook tablets during the quarter. Net loss for the year is being listed at $125 million for RIM.
In addition to the bad news, RIM announced that its former co-CEO, Jim Balsillie, has resigned from his position on the company's board of directors. "As I complete my retirement from RIM, I'm grateful for this remarkable experience and for the opportunity to have worked with outstanding professionals who helped turn a Canadian idea into a global success," he said.