Blackberry 2012 Annual Report Download - page 174

Research In Motion Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
specific quantitative guidance. However, the Company is committed to providing a high level of disclosure and transparency and will
continue to provide commentary that highlights the trends and uncertainties that RIM anticipates. Such statements relating to, among
other metrics, RIM’s revenue, gross margin and earnings expectations, are forward-looking statements that are intended to enable
RIM’s shareholders to view the anticipated financial performance and prospects of the Company from management’s perspective at
the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described
above. They are made by RIM in light of its experience, its perception of historical and anticipated business trends, current conditions
in the business and anticipated future developments, including competition and new product initiatives and timing, as well as RIM’s
current assessments of the various risk factors identified above. As noted above and in the press releases containing such guidance,
these forward-looking statements are subject to the inherent risk of difficulties in forecasting RIM’s financial results for future
periods, particularly over longer periods, given the rapid technological changes, evolving industry standards, intense competition and
short product life cycles that characterize the wireless communications industry.
These factors should be considered carefully, and readers should not place undue reliance on RIM’s forward-looking statements. RIM
has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
Overview
RIM, a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in
1999. BlackBerry products and services are currently used by over 77 million customers around the world. Founded in 1984 and
based in Waterloo, Ontario, RIM operates offices in North America, Europe, Asia Pacific and Latin America. RIM’s common shares
are listed on the NASDAQ Global Select Market (NASDAQ: RIMM) and the Toronto Stock Exchange (TSX: RIM).
With the BlackBerry platform, RIM believes it offers a market-leading wireless communications experience with push-based
connectivity, industry-leading security and enterprise manageability, excellent radio performance and differentiated social
applications such as BBM that provide immediacy, productivity and collaboration.
RIM believes the global smartphone and tablet markets are still in their infancy. BlackBerry is the leading smartphone in several
markets around the world. The primary regions contributing to the Company’s recent growth are Latin America, Africa, Indonesia
and parts of the Middle East and Western Europe. Some of RIM’s main competitors include Apple Inc, Google Inc, HTC
Corporation, Huawei Technologies Co., Ltd, Microsoft Corporation, Nokia Corporation, Samsung Electronics Co., Ltd, and ZTE
Corporation.
RIM continues to focus on providing manageability and scalability solutions to BlackBerry users. With BlackBerry Balance, personal
and work data are managed on a single device allowing work life balance management and information protection. BlackBerry
Mobile Fusion gives information technology (“IT”) departments the ability to manage BlackBerry devices and other platforms
through a single interface that provides a unified view for managing all mobile devices.
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