The Canadian company RIM, made a net loss for the three months to 3 March of $125m compared with the with a profit of $935m a year earlier. Revenues fell to $4.2bn from $5.2bn. RIM also announced the resignation of former co-chief executive Jim Balsillie. Cheif technology officer David Yacht will also be stepping down.
Shares sharply fell 9% in after hours trading. Over all the shares have fallen by 80% in the last year. Shipments of \Blackberry products have fallen as much as 21% since the last 3 month period. For a full financial year Blackberry made a net profit of $1.2bn from the $3.4bn the last year.
To me... Blackberry has had their time, and just can't keep up with the new innovations. That's the trouble with this market. Everyone has a chance at being on top, and in my mind Apple has taken that spot. But should watch out for the rising android.
http://www.bbc.co.uk/news/business-17557177
Clearly RIM isn't at their peak. This significant loss obviously discouraged the people who work for the company. I do agree that blackberry did have it's time and many people used to say that blackberry was the better phone between blackberry and iphone but now, blackberry is stepping down and android is taking a step up. Blackberry might have a magnificent comeback but I don't think it will happen anytime soon because when your revenue falls one billion dollars, there is no easy turn to go back up the ladder.
ReplyDeleteBlackberry is pretty hopeless at this point, iPhone and Android are too far ahead of Blackberry technology wise for Blackberry to make a comeback. Blackberry has promised that devices like the torch and the playbook would be the devices that would put them at number 1 again but that has not been the case. Blackberry is eventually going to end up like Nokia and Palm who are both struggling to stay in existence. With Google and Facebook both considering to move into the cell phone and tablet market there is not enough market space for Blackberry to survive.
ReplyDelete