There’s been another load of bad news for the beleaguered RIM, from dodgy financial results, through to job losses and a delay on the next incarnation of its BlackBerry operating system.
5,000 job cuts are reportedly expected off the back of poor financial results which have just been announced.
Those results saw the company post a revenue of $2.8 billion for Q1 of fiscal 2013, which was down a third on the previous quarter, and down 43 per cent year-on-year.
The company suffered a net loss of $518 million, a big reversal from the previous year where profits of $695 million were witnessed in the same quarter. The figures were worse than analysts expected, and new CEO Thorsten Heins (appointed at the start of 2012) wasn’t happy.
Heins said: “I am not satisfied with these results and continue to work aggressively with all areas of the organization and the Board to implement meaningful changes to address the challenges, including a thoughtful realignment of resources and honing focus within the Company on areas that have the greatest opportunities.”
“Our top priority going forward is the successful launch of our first BlackBerry 10 device, which we now anticipate will occur in the first quarter of calendar 2013.”
Yes, you read that right. Whereas previously the delayed BB10 operating system had been expected to emerge at the end of this year, now it’s going to be Q1 of next year.
That’s a continued delay RIM can ill afford at this point, with its smartphone market share already dwindling.
It’s true that RIM must get BlackBerry 10 right – and we can see the sense that if it isn’t ready, then it’s a good idea to take the extra time to perfect it. BB10 really needs to impress upon launch. But there is, unfortunately, a limit to the amount of time the Canadian company realistically has at its disposal.
Rock and hard place springs to mind.