Earlier this evening, we talked about how RIM will concede in most of the consumer markets out there as part of the attempt to stem further losses, and that move will only bear fruit in the next quarter. As for the current quarter, we are talking about a whopping $125 million loss, no thanks to weak smartphone shipments as well as falling revenues that seem to be extremely sensitive to the earth's gravitational pull. This is in stark contrast to RIM's profit of $934 million just one year ago. Revenues for the company also dropped to $4.2 billion from $5.2 billion.
Ubergizmo, RIM suffers $125 million loss
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