RIM issued a press release that confirmed analysts’ worst fears – RIM will post an operating loss and fall well short of Wall Street estimates in Q1 2012. The Canadian company blamed its poor performance on “the on-going competitive environment.” The handset maker also said it has hired JP Morgan Securities LLC and RBC Capital…
RIM faces possible $1 billion writeoff of unsold inventory
RIM’s stockpile of unsold BlackBerry phones and PlayBook tablets is growing as sales continue to struggle ahead of the fall 2012 release of BlackBerry 10. The total value of these devices sitting in RIM’s warehouses is over $1 billion, putting RIM in a tough spot when it comes to next quarter’s financials. The company has…
RIM’s legal chief resigns, layoffs coming soon
According to a Globe and Mail report, RIM’s top lawyer, Ms. Karima Bawa, has resigned from the struggling handset maker. Bawa joined RIM in 2000 and became Chief Legal Officer and General Counsel in 2010. Her resignation follows the departure of Patrick Spence, RIM’s head of global sales, last week. To make matters even worse,…
RIM turns away from licensing BlackBerry OS or BlackBerry Messenger
We won’t be seeing the popular BlackBerry Messenger service coming to our iOS or Android phones anytime soon, according to a report from The Wall Street Journal. While RIM was once heavily considering licensing its Messenger service to other manufacturers as a way to bring in some extra cash, RIM CEO Thorsten Heins has indicated…
RIM head of global sales leaves after 14 years on the job
Another top RIM executive is leaving the company, potentially indicating troubled times ahead for the ailing smartphone maker. The latest casualty is Patrick Spense, a self-proclaimed “BlackBerry Believer” who headed up RIM’s global sales division, and has been with the company for the last 14 years. The move comes as RIM is hoping to rebuild…
Apple tops HP in mobile PC sales
Thanks in large part to its iPad tablet computer, Apple has been crowned the king in mobile PC sales, according to an NPD report. NPD defines mobile PCs as tablet and laptop computers, the latter of which has been completely dominated by Apple’s iPad line of devices. Apple is estimated to have sold a whopping 17.2…
Apple at the top, RIM at the bottom of customer satisfaction survey
When it comes to customer satisfaction, Apple dominates and RIM struggles. The 2012 ACSI report was the first time Apple, RIM, HTC, and LG were included in the cell phone manufacturer satisfaction category, making for an interesting inaugural cellular satisfaction report. The 2012 report shows that Apple has amassed a staggering 83% customer satisfaction ranking, becoming…
RIM announces the BlackBerry Curve 9220, 9320
RIM has officially taken the wraps off of the BlackBerry Curve 9220 and 9320 devices, rumored to be coming soon to the US and UK markets. The Curve 9320 features RIM’s socially-driven BlackBerry OS 7.1, the Curve’s customary 2.44″ 320 x 240 display, a 3.2 megapixel camera, 1,450mAh battery, FM Radio, microSD slot, and QWERTY…
RIM patents angled keyboard for quicker, more accurate typing
RIM has just been granted a patent filed in 2009 that is sure to make “V for Vendetta” fans squeal with delight. RIM’s patent is for an angled keyboard that features trapezoidal keys as opposed to the customary squarish shape featured on most of RIM’s smartphones. The new keyboard layout would give users a higher…
RIM hires new chief operating officer, new marketing officer
Research in Motion (RIM) just announced two new hires to its executive leadership team, employing Kristian Tear as COO and Frank Boulben as CMO. This move is apart of new RIM boss Thorsten Heins’ massive restructuring of the company to get rid of some of the “fat on the hip,” as he called it. These…