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The bad news for RIM: it lost nearly £130 million (adjusted) last quarter. The worse news: it’s now letting 5,000 employees go, on top of the 2,000 cuts that had been previously announced. The very worst news: its BB10 operating system—and lost hope for relevancy—has been pushed back until next year.
This is an unmitigated disaster.
Look, companies lose money all the time. It’s rough economy, and a competitive space. It happens. But what’s crucial during times like that is to have a clear way out. The only chance RIM had at surviving as a standalone company was for BB10—which remains promising, if not revolutionary—to lead a BlackBerry renaissance. Waiting until this fall, as had been previously indicated, was pushing it. Waiting until 2013 is suicidal.
Then combine that with the revelation that RIM’s cutting 5,000 jobs, making 7,000 total in the last two months. Add in net income losses in the hundreds of millions, revenue down by 33 per cent. BlackBerry PlayBook shipments of 260,000. An app store with just 89,000 offerings—less, even than Windows Phone 7, which isn’t even two years old.
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I work in the mobile phone industry and Blackberry make easily the most unreliable phones out there. I’ll be glad to see the back of them!
That’s 9000 employees in 2 years. No one can tell me they’re going to ever come back from this.
Brian, I don’t know LOTS about BB10, but what in your opinion is so revolutionary about it?
WHAT 9000?! There’s no way that can be right.
They already fired 2000 this year already, and they fired 2000 last year too.
July 2011: http://www.inquisitr.com/129160/blackberry-maker-research-in-motion-fires-2000-employees/
May 2012: http://www.newszeus.com/2012/05/28/blackberry-is-going-to-fire-2000-employees-this-week/
they are the only phone company that diddent move forward! kept the same design from the first blackberry, thats it, no reserch in motion done! it could of been so much different if they changed their phone line 4-5 years ago! theres nothing you can do diffrent on a Blackberry from today than from one 6 years ago. same form factor, same basic OS. not good.
Could the last person out at RIM please turn off the lights.
It’s looking bad for them.
Bye RIM, it was nice knowing you.
Well, I liked BES at least. Certainly in comparison to dealing with iPhones.