Blackberry Maker RIM Buckles Up Despite $125M Loss

Blackberry-maker Research in Motion (RIM) has said it plans to refocus its business back onto corporate customers.

The Canadian company made a net loss for the three months to 3 March of $125m (£78m), compared with a profit of $934m a year earlier. It has lost ground as its traditional corporate customers have switched staff to iPhones or Android smartphones. RIM also announced the resignation of former co-chief executive Jim Balsillie. Chief technology officer David Yacht will also be standing down.

For the full financial year, the RIM made a net profit of $1.2bn, down from $3.4bn in the previous year. The results were worse than analysts had expected and shares in the company fell as much as 9% in after-hours trading in New York. They have fallen by 80% over the past year. RIM has struggled to keep up with rivals in the smartphone market, such as Apple’s iPhone and handsets running on Google’s Android operating system. It has also struggled to gain a foothold in the tablet market.


Newly-appointed chief executive Thorsten Heins said the company would now focus on its traditional core market of corporate customers rather than on individual consumers as part of a strategy to turn the business around: “We believe that Blackberry cannot succeed if we tried to be everybody’s darling and all things to all people. Therefore, we plan to build on our strength.”

Analysts said the company could continue to struggle until it became clear whether this turnaround plan would succeed.

Source: BBC News

Image: Pocket-lint

Comments

  1. Scott Martin says:

    Thank you, I’ve recently been looking for information about this topic for ages and yours is the greatest I’ve discovered so far.

  2. Angela Bailey says:

    Thank you, I’ve recently been looking for information about this topic for ages and yours is the greatest I’ve discovered so far.

  3. Walter Price says:

    Thank you, I’ve recently been looking for information about this topic for ages and yours is the greatest I’ve discovered so far.

  4. Raymond Edwards says:

    Hey there, You’ve done a great job. I will definitely digg it and personally suggest to my friends. I’m confident they will be benefited from this website

  5. Patricia Smith says:
  6. Jennifer Hughes says:

    Thanks for the info, appreciated it. it was so well formatted.

  7. Carl Rogers says:

    I like your information. i am always looking for this type of interesting and good information.

  8. Gary Clark says:

    I went over this web site and I believe you have a lot of superb information, saved to bookmarks

  9. Susan Williams says:

    Thanks for the info, appreciated it. it was so well formatted.

  10. Cynthia Patterson says:

    I went over this web site and I believe you have a lot of superb information, saved to bookmarks

  11. Frances Bailey says:

    I like your information. i am always looking for this type of interesting and good information.

  12. Catherine Murphy says:

    I like what you guys are up also. Such clever work and reporting! Carry on the excellent works guys.

  13. Jason Rogers says:

    I went over this web site and I believe you have a lot of superb information, saved to bookmarks

  14. Jerry Reed says:

    I went over this web site and I believe you have a lot of superb information, saved to bookmarks

  15. Janet Stewart says:

    Thanks for the info, appreciated it. it was so well formatted.

  16. Patrick Morris says:

    Thanks for the info, appreciated it. it was so well formatted.

  17. Anthony Perez says:

    I like what you guys are up also. Such clever work and reporting! Carry on the excellent works guys.

  18. William Howard says:

    Thank you, I’ve recently been looking for information about this topic for ages and yours is the greatest I’ve discovered so far.

  19. Eric Torres says:

    I like your information. i am always looking for this type of interesting and good information.

  20. Daniel Parker says:
  21. Nancy Turner says:

    I like this post, enjoyed this one thanks for posting.

  22. Amy Washington says:
  23. Raymond Lewis says:
  24. Dennis White says:

    I like this post, enjoyed this one thanks for posting.

  25. I appreciate your helpful words. great work. I hope you release others. I will continue watching