[UPDATE: CTO and COO both out too] Research in Motion reports poor Q4 2012 earnings; Former co-CEO Jim Balsillie resigns from board

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 wasб═$4.2 billion). The company revealed that it shippedб═11.1 million BlackBerry smartphones and 500,000 BlackBerry PlayBook tablets during the quarter. Net loss for the year is being listed atб═$125 million for RIM.

In addition to the bad news, RIM announced that its former co-CEO,б═Jim Balsillie, has resigned from his position on the company’s board of directors.б═”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.

UPDATE: On the company’s conference call, it was also revealed thatб═chief technology officer David Yach and chief operating officer Jim Rowan will be leaving RIM.

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  1. [...] news comes just one week after RIM reportedб═poor financial results for the fourth quarter. That same day, the Canadian smartphone maker lost its chief technical officer (CTO) and chief [...]

  2. [...] news comes just one week after RIM reportedб═poor financial results for the fourth quarter. That same day, the Canadian smartphone maker lost its chief technical officer (CTO) and chief [...]