RIM slashes BlackBerry prices in India one day ahead of Q4 earnings | Cell Phone Tracking Blog

RIM slashes BlackBerry prices in India one day ahead of Q4 earnings

Research In Motion has made drastic cuts to BlackBerry smartphone prices in India just one day before the Waterloo, Ontario-based vendor is scheduled to report its results for the fourth quarter of fiscal 2012. Several analysts expect RIM to miss Wall Street’s consensus when it announces its earnings results on Thursday, despite having issued lower than expected fourth-quarter guidance. The struggling smartphone vendor dropped prices on multiple models in India by up to 26%, BGR sister site BGR.in reported on Wednesday. Devices that have received price cuts include the BlackBerry Curve 9360, the Curve 9380, the Torch 9860 and the Curve 8520, RIM’s best-selling smartphone in India. RIM beat expectations in the third fiscal quarter when it reported revenue of $5.2 billion and earnings of $1.27 per share, but analysts are bracing themselves for a disappointing fourth quarter.

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