SAN FRANCISCO (AP) — BlackBerry maker Research In Motion says its net income sank 71 percent as revenue fell and the company took a large accounting charge because it had to sell its PlayBook tablet computer at a deep discount.
Research In Motion Ltd. earned $265 million, or 51 cents per share, for the quarter that ended Nov. 26. This compares with $911 million, or $1.74 per share, a year ago.
The Canadian company reported revenue fell 6 percent to $5.2 billion.
The company shipped 14.1 million BlackBerry smartphones during the quarter and 150,000 PlayBook tablets.
RIM is still deep in a struggle to compete with the iPhone and smartphones running Google’s Android software. It’s also having a hard time finding a niche in the tablet computer market, which is dominated by Apple’s iPad.