Toronto: Research In Motion posted a sharp drop in profit on Thursday, offered a dismal outlook for BlackBerry shipments around Christmas and delayed the likely arrival of a make-or-break overhaul of its smartphones, sending its shares tumbling.
RIM's shares shed more than 7 per cent after the company said it did not expect to release a line of BlackBerrys equipped with the new QNX operating system until late next year, long after its initial promise of a first-quarter delivery.
It was the latest in a long series of setbacks for a company that once dominated the smartphone market but, to the chagrin of investors, is now struggling to keep pace with the innovations of Apple Inc and other rivals.
To make matters worse, RIM said it would ship just 11 million to 12 million smartphones in the weeks around Christmas, a range that lines RIM up for the first quarter-to-quarter decline in six years during the crucial sales season....more
01:43 PM, Dec 16, 2011
Toronto: Research In Motion has already doled out a big helping of bad news ahead of its financial results on Thursday, but surprises could still await investors hungry for details about what many see as a new, make-or-break BlackBerry. Investors are desperate to know whether RIM will stand by its current timetable to switch its smartphones to the new QNX operating system by early next year. The transition is considered...
11:59 AM, Dec 15, 2011
A few months after she joined Jawaharlal Nehru University (JNU), Delhi, Ayesha Rachel became an addict. She just couldnt get enough of her BlackBerry Curve. I was a Nokia user but this thing is addictive, and no other phone gives me this value for my buck, she says while sending messages on the BlackBerry Messenger (BBM). This is a paradox. BlackBerry is a phone for the staid corporate types. So...
11:45 AM, Oct 19, 2011
Toronto: QNX Software, the system Research In Motion will use to power its PlayBook tablet and future BlackBerry smartphones, may outshine its parent this week as it touts vehicles with the productivity of an office. QNX is pursuing a long-standing passion for cars even as it draws attention over whether its presence under the PlayBook's hood improves RIM's chances versus Apple's iPad and a slew of contenders vying for attention...
12:18 PM, Jan 05, 2011