Sunday, September 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Pushes Back Xbox One Debut In China
New Oculus 'Crescent Bay' Headset Announced
Microsoft Offers iPhone Users 30 GB of Free Storage
New Tizen Device Coming in India
Samsung Launches My Knox App For Latest Mobile Device
Android L To Support Encryption By Default
Microsoft Outlines Basic Elements Of Direct3D 12
New GeForce WHQL Driver Released
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > Mobiles > RIM Pos...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 30, 2012
RIM Posts Loss, Considers New Business Plan


Research In Motion posted a net loss and its first slump in BlackBerry shipments for its holiday quarter. The company said Thursday that it is ready for a turnaround after failing to compete with flashier touch-screen phones such as Apple's iPhone and models that run Google's Android software.

RIM said it will return to its roots and focus on business customers, many of whom prefer BlackBerrys for their security. RIM has had limited success trying to enter consumer markets in recent years, and RIM CEO Thorsten Heins said a turnaround required "substantial change."

"We plan to refocus on the enterprise business and capitalize on our leading position in this segment," Heins said. "We believe that BlackBerry cannot succeed if we tried to be everybody's darling and all things to all people. Therefore, we plan to build on our strength."

Also Thursday, RIM said former co-CEO Jim Balsillie has resigned from its board. David Yach, chief technology officer for software, and Jim Rowan, chief operating officer for global operations, also are leaving in a management shakeup.

The company said it would no longer issue financial forecasts and was reviewing "strategic opportunities" such as partnerships and joint-venture licensing, and other ways to leverage its assets. The company expects continued pressure on revenue and earnings throughout fiscal 2013. "Due to a desire to focus on long term value creation and the current business environment, RIM will no longer provide specific quantitative guidance. Some of the factors contributing to this include, ongoing weakness in the company's U.S. smartphone business, an increased focus on selling BlackBerry 7 smartphones to grow the subscriber base in advance of the BlackBerry 10 launch, increasing competitive pressure in the company's international markets and the introduction of certain new lower tier service pricing initiatives and a higher mix of sales coming from entry level products," RIM said in a press statement.

RIM shipped 11.1 million BlackBerry smartphones in the fiscal fourth quarter ended March 3, down 21 percent from the third quarter. The Canadian company also sold more than 500,000 PlayBooks in the fourth quarter, a number inflated by deep discounts offered to boost sales of the product.


Previous
Next
Hynix, Toshiba Consider Bidding For Elpida        All News        Google To Shell Android Tablets Online
Technical Differences Between Google's Gingerbread and Ice Cream Sandwich     Mobiles News      Lenovo Intel Phone Received China Mobile Network Entrance License

Get RSS feed Easy Print E-Mail this Message

Related News
UK's GCHQ To Share Data With Firms
Hackers Attack NATO Web Sites
Kaspersky Lab Uncovers "The Mask" Cyber Spying Campaign
Rimage Is Now Qumu
Blackberry Shareholders Company's Approve New Name
New BlackBerry Q5 Announced For Select Markets
Images Of New BlackBerry Handset Apppear Online
BlackBerry Z10 Smartphone Launches in the United States Today
BlackBerry Previews Secure Work Space Technology for Android, iPhone Platforms
Primera Introduces The DL500 Durable Label Printer
New BlackBerry World to Include Songs, Latest Movies and TV Shows
RIM Unveils Lower BlackBerry World Price Tiers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .