Life at Research in Motion must be hard. You make phones no one wants anymore, the software that’s supposed to save your company is at least half a year away, operators have all but given up on you and are now looking to promote Windows Phone as the third viable option instead of your platform…
RIM’s first BlackBerry 10 devices to shed the physical keyboard
It’s been suggested before, but RIM has officially confirmed today that the first BlackBerry 10 device released to market will not feature RIM’s customary hardware keyboard. Instead, RIM’s first BlackBerry 10 devices will focus on the impressive software keyboard RIM has developed for their upcoming platform. RIM is not abandoning hardware keyboards altogether, but company…
RIM starts laying off employees in an effort to turn itself around
We all knew it was coming, it was only a matter of when. In an effort to right the sinking ship that is Research In Motion, the company has begun handing out pink slips to the 2,000 employees affected by the current round of layoffs. RIM is shrinking its workforce from 16,500 to 14,500, down from 20,000…
Manufacturer to wind down BlackBerry production
Well, things seem to be getting worse and worse by the day for RIM. One of the company’s largest contract electronics-manufacturing suppliers has officially pulled the plug on making its products. Celestica, which also produces servers and other products for branded manufacturers such as IBM Corp and Cisco Systems Inc, plans to stop BlackBerry production…
Two men, one job, $12 million golden parachute from RIM
Yep, some parachutes are still made of gold. Research in Motion announced last week that it gave exiting co-CEOs Jim Balsillie and Mike Lazaridis were given a combined $12 million in exit payments after they stepped down from the role earlier this year. Of the $12 million, Balsillie took home $8 million while Lazaridis netted…
iPad drops slightly while Nook outpaces Kindle Fire in the tablet market
While it certainly comes as no surprise that Apple sells more iPads than any other tablet maker combined, a new report out of Chitika suggests that Apple’s iPad commands an even greater market share when it comes to internet browsing. Chitika serves ads to several sites around the web, and selected a sample of the…
RIM kills off the 16GB PlayBook
RIM is officially killing of the 16GB PlayBook, according to an N4BB report. Engadget suggests that low margins on the 16GB tablet are to blame for RIM’s choice to discontinue the tablet, though sluggish sales of any tablet that doesn’t have the Apple logo on it probably played a role as well. RIM and its distributors and retailers…
RIM’s stock at a seven-year low
RIM is betting its entire future on BlackBerry 10, a product many in the industry frankly aren’t that excited about. The former king of smartphones is struggling immensely of late, with over $1 billion in unsold inventory sitting in its warehouses, at least 2 more quarters of abysmal returns, and market share dipping below the 10% mark.…
Canadian court says RIM can use BBM name
RIM was in a bit of trouble for its use of the BBM moniker for its BlackBerry Messenger service. The BBM name is trademarked by a Canadian company, BBM Canada, that measures television and radio audiences, and the company obviously wasn’t too keen on RIM freely using the BBM name as its own. BBM Canada filed…
Market watch: RIM down to $10 per share in early trading
RIM announced yesterday that it would take yet another significant operating loss in the next quarter, in part due to its need to write off as much as $1 billion in inventory sitting in RIM’s warehouses. The company announced it had hired J.P. Morgan Securities LLC and RBC Capital Markets to assess the short and…