How Many BlackBerry 10s Must RIM Sell?


How Many BlackBerry 10s Must RIM Sell?

~ By  Sarah Reedy

 
4:00 AM -- Research In Motion Ltd. (RIM) (Nasdaq: RIMM; Toronto: RIM) has made no secret of the fact that it's betting the farm on BlackBerry 10, its operating system overhaul that will debut on mobile devices next year.

That's a huge gamble for the Canadian company as it tries to dig out of an enormous hole. The company reported a first-quarter operating loss of $518 million and said it plans to cut 5,000 more jobs before the end of the year. And, in the interim to its delayed BB10 launch, it only has its poorly received BB7 line to fill the gap. (See RIM CEO Denies BlackBerry Death Spiral, RIM Posts $518M Q1 Loss, More Job Cuts at RIM and RIM to Sell the BlackBerry Farm?)

CEO Thorston Heins said RIM will launch a multi-touch device first, followed by a keyboard option. However, the question for the handset maker is not what kind of devices it needs, but how many it has to sell to stay in the smartphone picture.

Analysts aren't optimistic.
"Honestly, I am just hoping that the company will survive to make it to the BB10 launch," saysPyramid Research analyst Emily Smith.

Given its cash position -- RIM has $2 billion in the bank -- independent Canadian analyst Carmi Levy is more optimistic for his hometown company, but he says it's going to be a bleak couple of quarters, both for the company and its investors.

Click here to read the rest of the article.






Comments

Post a Comment

Popular posts from this blog

Addax Petroleum Announces Federal Government Approval of Nigeria Gas Utilisation Initiative

1 Aug 2008 14:21 Africa/Lagos Addax Petroleum Announces Federal Government Approval of Nigeria Gas Utilisation Initiative CALGARY, Canada, August 1/PRNewswire/ -- - International Consortium Formed for Investment in Gas Development - Including the Potential Monetization of OML137 Gas Addax Petroleum Corporation (TSX: AXC and LSE: AXC) ("Addax Petroleum" or the "Corporation"), together with its partners Chrome Oil Services Limited ("Chrome") and Korea Gas Corporation ("KOGAS"), announces today that it has received the approval from the Federal Government of Nigeria, for its proposed implementation of an integrated gas utilization project in Nigeria. Addax Petroleum has also entered into a heads of agreement with Chrome, a leading Nigerian oil and gas company, and KOGAS, South Korea's national gas company, forming an international consortium (the "Consortium") which, upon finalization of the necessary project development agreemen...
Read more

Terrorist Attacks on America Before Osama Bin Laden Was Born : 1920 -2005.

Image
This is a record of all terrorist attacks in America and in countries with American interests and on American Embassies and citizens abroad. Osama bin Laden did not create the demons of terrorism. He is only one of the most diabolical and destructive of them all. The devil is the author of Terrorism in his capacity as the Son of Perdition and the father of chaos. It is very important to clarify these issues for the benefit of those who are ignorant and naive and have been jumping to erroneous conclusions. Terrorist Attacks (within the United States or against Americans abroad) 1920: septa. 16, New York City: TNT bomb planted in unattended horse-drawn wagon exploded on Wall Street opposite House of Morgan , killing 35 people and injuring hundreds more. Bolshevist or anarchist terrorists believed responsible, but crime never solved. 1975 Jan. 24, New York City: bomb set off in historic Fraunces Tavern killed 4 and injured more than 50 people. Puerto Rican nationalist group...
Read more

Let Us Talk To Boko Haram - Nigerian Professor

Image
A Commentary Direct Talk and Psychological Accessibility to the Boko Haram Group Is worth the Trial in Nigeria It is now obvious that the nation is now fully plagued by terrorism which is so widespread and monumental that it is hard to unravel. At a time when the Nigerian air is filled with the festivities of Eid al-Adha, the feast of sacrifice, which in a supposed way should involve the slaughter sheep and cattle, and not the near-sacrifice of a son, as in Abraham’s case, but the reverse is the case.Human slaughter is in our face on a daily basis in Nigeria due to the Boko Haram wrath. Violence in Nigeria, a country of more than 150 million with an almost equal split between the Christian south and the Muslim north is affecting public safety and national security. Nothing appears to be stopping the inflammable and untamed-able torment, fear and worry across the country. There appears to be a legitimate state of distress nationally, and the cause of the state of distress is growing d...
Read more