Shattered RIM, Blackberry Teeters on Its Hinges

Shattered RIM

With first Quarter earnings coming in worse that expected, RIM hangs on for dear life.

RIM recently reported a net loss of $0.37 per share, sales decline of 42%, the layoff of 5,000 employees before EOY, and a delay of Blackberry OS 10.  The company lost $518MM and shipped 41% fewer devices.  If you ask RIM, better days are just on the horizon, but I think we’ve all heard this story again, and again.  However, with no viable strategy for the future – its only a matter of time until the whole thing comes down tumbling down.

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