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Friday, March 30, 2012

RIM nearing Sunset...

There is no way to sugarcoat today’s announcement from once great Blackberry maker, RIM.  They are, after years of putting their heads in the sand, finally taking drastic measures to change course including getting rid of former Co-CEO and current board member Jim Balsillie as well as their their CTO and COO (loooong overdue).  Revenues are way down as are unit sales and prospects.
But what is the way out of this mess?  They say they are looking for ”strategic business-model alternatives”. They are also considering a sale. Where is there any value in the company?

Their current devices are taking a nosedive in value. BlackBerry 10, even if it is amazing (and when is the last time amazing came out of Waterloo?) still has an uphill battle against iOS, Android and even Microsoft who is fighting to get out of that “other” category. The low end is getting slammed by cheap Androids while Apple is sucking up the corporate and high end market.
The first fruits of that QNX labor, the PlayBook, sold 500,000 units last quarter…and that was at drastically below build costs pricing. RIM says the first BlackBerry 10 devices will be available in late 2012…which is a year later than needed.

Even their once ubiquitous Blackberry Enterprise Servers that sit between corporate Mail servers and carriers/mobile devices are now obsolete.

Steve Jobs said in a conference call a few years ago that Apple considered Blackberry to be “in the rear view mirror”. Perhaps he realized that not even somebody with his own turn-around talents could rescue RIM.
 

From http://9to5mac.com/2012/03/29/rim-rip-is-in-its-death-spiral/#more-156669

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