Canadian handset manufacturer BlackBerry has unveiled its long-awaited BlackBerry 10 operating system. At an event in New York yesterday, CEO Thorsten Heins revealed two devices running on the OS and announced the new brand name of the company, which was formerly known as RIM.
Canadian handset maker BlackBerry has appointed two industry veterans to its board of directors. Richard “Dick” Lynch, retired executive VP of US operator Verizon, and Bert Nordberg, former CEO at Sony Ericsson, join the firm as it looks to reverse its decline, with all bets on the newly launched BlackBerry 10 platform.
Blackberry – the Canadian handset maker formerly known as RIM – has had a tough time in the months leading up to the launch of its long-awaited BlackBerry 10 operating system. Its financial struggles, fading market share, service outages, management overhaul and the several delays to the launch of the platform has generated unfavourable media coverage for the firm.
Despite having seen its market share drop considerably over the past two years and having delayed the launch of the platform several times, Canadian handset firm BlackBerry launched its BlackBerry 10 platform this week, still hoping to disrupt a smartphone market dominated by iOS and Android.
Sales above three million units of BlackBerry Z10 in the first three months on sale will send BlackBerry shares sky high, but anything below one million will not be well received by investors.
Canadian BlackBerry maker RIM has a lot to prove wtih the launch of its Blackberry 10 (BB10) operating system later today. The handset vendor’s struggles have been much publicised—after posting disappointing financial results throughout last year it watched its share of the global smartphone market drop to just 4.1 per cent in 2012, according to data from Informa’s Intelligence Centre. In 2010 it had been more than 17 per cent.
Embattled handset manufacturers Nokia and RIM are now locked in a dispute with each other over patents in the US, Canada and UK. The two firms are fighting over intellectual property they have licensed to each other since 2003, which enables phones to connect to wifi networks.
Finding an enterprise that doesn’t rely on Microsoft software is something of a challenge yet, when it comes to mobility, BlackBerry is king. But with software now seen as the key differentiator, how long will this remain the state of play?
Canadian vendor RIM said it has now seen three billion apps downloaded for BlackBerry smartphones and the PlayBook tablet from its App World store, since it was launched in March 2009.
Canadian vendor RIM has released its first-quarter results for the 2013 financial year. The company’s revenues have declined for the fourth consecutive quarter to reach US$ 2.8 billion, or a 33 per cent decline compared with the previous quarter. The company reported its first quarterly operating loss in more than seven years with a net loss of 18.5 per cent. However, not all parts of its business are performing badly.
Canadian Blackberry manufacturer RIM had a torrid 2011, in which it generated a lot of negative publicity by underperforming financially, experiencing a high profile outage, facing calls from shareholders to sell up and seeing its co-CEOs and founders step down. Its message to stakeholders during this difficult time has been a call for patience, with claims that the next software platform to be released will be a real game-changer. So the unveiling of the BlackBerry 10 platform this week was met with great expectation.
Embattled BlackBerry maker RIM has warned that it expects to post an operating loss in its fiscal first quarter.The firm said it has now has hired JP Morgan and RBC Capital to conduct a far-reaching strategic review and to look for partnerships, while also announcing plans to cut a “significant” number of jobs.
There are great opportunities in the Machine to Machine sector, largely due to the sheer volume of devices expected to be connected to the Internet of Things. The Telematics market is the longest-standing and most mature part of the M2M industry and has been a test bed for the design of more robust, reliable and longer-lasting components.
The fact that Google has just acquired the first-ever self-driving car licence should come as no surprise. Yet a surprise participant that could make a huge impact on the market is Canadian Blackberry maker RIM, which could see its software development offset poor performance in the handset and tablet space.
Canadian handset maker RIM has showcased its BlackBerry 10 platform at its BlackBerry World conference in Orlando, Florida. The firm has also released the initial developer toolkit for native and HTML5 software development.
Research In Motion CEO Thorsten Heins has outlined a strategic overhaul of the Canadian device vendor aimed at refocusing the company on its enterprise service roots. But he conceded simultaneously that many of the firm’s traditional strengths are no longer valued as highly as they once were by its customer base.
RIM has appointed a new CEO after increasing shareholder pressure and a poor financial performance in 2011. Thorsten Heins will take over as president and CEO, with former co-CEOs Mike Lazaridis and Jim Balsillie stepping down. Lazaridis will become vice chair of RIM’s board and chair of the board’s new Innovation Committee and Balsillie will remain a member of the Board.
Using Las Vegas gadget-fest CES as a platform to rally some support, Canadian manufacturer Research In Motion (RIM) is showing off the latest versions of its flagship operating systems for both smartphone and tablet devices.
RIM could soon split the roles of CEO and chairman in a bid to reverse its fortunes. Mike Lazaridis and Jim Balsillie are currently co-CEOs and co-chairmen at the embattled Canadian handset manufacturer, but that could change following an internal review of its board structure.
Beleaguered Blackberry maker RIM reported more bad news as the firm saw its net income plunge by almost three-quarters to just $265m in the third quarter of 2011. The figure is a 71 per cent drop from the $911m it recorded in 3Q10, and was impacted in large part by a $485m pre-tax charge related to unsold PlayBook tablets.
Canadian device vendor Research In Motion (RIM) has warned shareholders that it has a large inventory of Playbook tablets sitting in its channels at the moment, amounting to a provision for this quarter of around $360m.