Deathwatch: Big losses for BlackBerry makers RIM
After what could best be described as a crappy year, BlackBerry manufacturer Research In Motion has announced what could best be described as a crappy set of financial results, with a net loss of $125m (£78m) compared with a profit of $934m in the previous year.
Additionally, they have said that they’re planning to focus more on the business market and concentrate less on the consumer market. Which is probably bad news for punters who want to use their Blackberrys for organising riots again this summer.
Shares in RIM have fallen by 80% over the past year and shipments of BlackBerry handsets have fallen by 11.1 million in the past quarter, down 21% on the past quarter. Sales of their PlayBook tablet have been healthy, but that is mainly due to the fact that the thing has been heavily discounted by RIM.
Like Icarus, perhaps RIM have possibly flown too close to the sun, trying to please all the people all the time. Also like Icarus, it might all go horrendously tits up for them in the near future.