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RIM To Cut 5,000 Jobs, Shows Poor Fiscal Performance

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Research in Motion’s troubles look like it’s not going to ever let up. The BlackBerry maker has released details about its first quarter 2012 financial report and it just shows the extent of the bad situation the company is in right now.

First off, the company posted a loss of $0.37 per share on its total worth of $2.8 billion – a 33 percent drop from the $4.2 billion in revenues it posted in the quarter before it. The net loss RIM suffered was pegged at $518 million just for the quarter. To make a bad situation even worse, the company has announced that it will be cutting 5,000 more jobs as one of its strategies to try and save $1 billion. [Read more…]

Originally posted on June 28, 2012 @ 10:01 pm

RIM to Discontinue 16GB Playbook

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Research in Motion doesn’t seem like its getting any kind of break in such a long time. The troubled company, makers of the once enterprise level smartphone of choice BlackBerry, has announced that it will stop making the 16GB BlackBerry Playbook, the company’s entry into the tablet market.

RIM has clarified it will not abandon the tablet market and that it continues to be committed to the 32GB and 64GB models of the BlackBerry Playbook, which will still be available from RIM’s distributors and retailers worldwide. [Read more…]

Originally posted on June 11, 2012 @ 1:07 pm

RIM Announces $10,000 Payout for App Developers

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Research in Motion (RIM) was once quite protective of the Blackberry environment, preferring to develop their own apps for the mobile operating system. But now that the whole company is teetering on the edge of obsolescence, it has realized that help is needed, and fast. Now the company is courting developers to get into the BlackBerry system and it’s going to do it through incentives. [Read more…]

Originally posted on May 2, 2012 @ 8:28 pm

RIM to release Blackberry 10 Prototype in May Event

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Research in Motion is working overtime to try and regain the ground it lost over the last few months with many corporate clients jumping ship to other smartphones. The company has announced that it will be releasing the newest version of their OS, Blackberry 10. The company plans to release 2,000 prototype phones, which will be given to select developers who will attend the Blackberry 10 Jam conference set for May this year in Orlando, Florida. [Read more…]

Originally posted on March 26, 2012 @ 9:30 pm