The story, "Timeline: RIM's very bad year," posted to the wire Dec. 16, incorrectly stated the percentage amount by which RIM's net income dropped in the third quarter from the year earlier period. The correct amount is 71 percent. The penultimate paragraph has been changed on the wire to correct the figure and now reads:
December 2011: RIM announced that it won't be releasing any phones based on its new operating system until the "later part" of 2012. The company's earnings in the third quarter also dropped precipitously, as its $265 million net income in Q3 2011 represented a whopping 71% drop from the $911 million earnings the company reported in Q3 2010. And to add insult to injury, RIM was forced to rename its new operating system "BlackBerry 10" after losing a trademark dispute with a New Mexico-based company over the rights to use the name "BBX."