The company formerly known as Research In Motion launched its BlackBerry 10 platform today.
Research In Motion (RIM) doesn't want you to call it by its former name, anymore. RIM will now operate under the name "BlackBerry," the company announced today during a much anticipated press event. In addition to a name change, RIMBlackBerry unveiled its newest mobile computing platform, BlackBerry 10, along with two phones, the Q10 with a physical keyboard and Z10 with just a touchscreen.
Research In Motion (RIM) managed to escape from having to pay a hefty patent infringement fine when the U.S. District Court for the Northern District of California overturned an earlier verdict that would have had the company pay $147.2 million in damages to Mformation, a software company that deals with mobile device management. According to the presiding judge, there wasn't enough evidence to support the jury's findings of patent infringement.
Research In Motion (RIM) has a lot riding on the release of BlackBerry 10, the upcoming mobile operating system that will power a new generation of devices. If all goes to plan, BB10 will thrust RIM back into relevance and save a company that's seen its share of struggles in recent times. More likely, however, BB10 will stand in the shadows of next-gen OSes from Google and Apple, and if that happens, Samsung's best bet is to acquire RIM, according to analysts with investment firm Jeffries.
Research In Motion (RIM) CEO Thorsten Heins has his work cut out for him. Faced with growing skepticism regarding RIM's future, he has to make sure his company delivers the goods and is able to convince business clients and consumers that the BlackBerry platform is still relevant. One has to wonder, wouldn't it have been easier to go all-in with Android instead? That was something Heins said his company looked at, but ultimately decided against.
Our readers who live north of the border will be the first to get their hands on Research In Motion's (RIM's) upcoming 4G LTE BlackBerry PlayBook tablet when it launches in Canada on August 9, 2012, RIM announced today. Customers living in the U.S., Europe, South Africa, Latin America, and the Caribbean will have access to the updated device "in the coming months," though no specific time frame was given.
It's fair to question Research In Motion's (RIM's) future and wonder if company CEO Thorsten Heins can right the ship. Skepticism comes with the territory when you tell investors your company lost $518 million last quarter, dropped $2.1 billion in sales compared to one year ago, and plan to cut 5,000 employees. Heins understands the grim outlook from those on the outside looking in, but from where he stands, RIM is a "great company" with a "great future" ahead of it.
Research In Motion (RIM) on Thursday evening posted a $518 million net loss for its first fiscal quarter of 2012, representing a 33 percent drop in revenue over the previous quarter and 43 percent decline from one year ago. It was not the financial picture RIM wanted to paint, but certainly the one many were expecting, at least to an extent. Nevertheless, RIM's stock is taking a beating, trading for around 15 percent less than prior to the announcement.
Remember all those grand plans Research In Motion (RIM) had for its BlackBerry PlayBook line of tablet PCs? Well, whatever remains of those plans will have to be carried out by the 32GB and 64GB models. Somewhat surprisingly, RIM has reportedly decided to discontinue its 16GB PlayBook, essentially conceding defeat to the likes of Amazon's Kindle Fire and Barnes & Noble's Nook Tablet in the sub-$200 category.
Like Mark Twain's false death report (before he actually died), Research In Motion insists that the media has it all wrong and that supposed plans to exit the consumer market have been greatly exaggerated. The confusion came after RIM CEO Thorstein Heins addressed a shaky financial report in which the company reported a loss of $125 million for the quarter ending March 3, 2012.
The latest data from market research firm comScore underscores the old adage 'The rich get richer and the poor get poorer.' In terms of mobile market share, Google and Apple are the two fat cats living high on the hog, while Microsoft, Research In Motion, and Symbian fight over the leftover scraps, and there were less to go around in January 2012.