It's been a rough year so far for Research in Motion. Users are leaving for iOS and Android, several countries are demanding access to RIM's servers, some shareholders and analysts are demanding new leadership, and RIM is losing the PR battle. However, many users still love the tactile keyboard that the BlackBerry provides and it feels like if RIM hit the rest button and introduced something spectacular they would be able to gain some traction again.
The company released financials recently and the news was dire. According to Bloomberg, RIM lost half of its revenue in the US compared to a year earlier.
Can RIM make a comeback? Of course they can. Will they? Stay tuned.
The company released financials recently and the news was dire. According to Bloomberg, RIM lost half of its revenue in the US compared to a year earlier.
"Revenue from the U.S. dropped to $1.11 billion from $2.22 billion a year earlier, overshadowing gains in Canada and other markets, according to a filing released yesterday after the company reported earnings last week.
RIM plunged 19 percent on Sept. 16 after reporting fiscal second-quarter profit and sales that missed analysts’ estimates. Stung by customer defections to the iPhone and handsets that run on Google Inc. (GOOG)’s Android platform, RIM’s share of the global smartphone market dropped to 12 percent in last quarter from 19 percent a year earlier, according to Gartner Inc."
RIM plunged 19 percent on Sept. 16 after reporting fiscal second-quarter profit and sales that missed analysts’ estimates. Stung by customer defections to the iPhone and handsets that run on Google Inc. (GOOG)’s Android platform, RIM’s share of the global smartphone market dropped to 12 percent in last quarter from 19 percent a year earlier, according to Gartner Inc."
Can RIM make a comeback? Of course they can. Will they? Stay tuned.
