Research In Motion, the manufacturer of BlackBerry once one of the most dominate smartphones, announced another loss for the most recent quarter. Canadian based RIM announced the loss, which was sizable, but smaller than the loss it had in the previous quarter. However, the company continues to face problems for the near future, as it attempts to get its new generation BlackBerry into the marketplace.
RIM CEO Thorsten Heins did not mention directly the names of any rivals to the BlackBerry, but did acknowledge that Windows Phones, iPhones and the new phones operating on the Android platform were making it more difficult for RIM prior to the rollout of its BlackBerry 10.
Heins said the competition in the marketplace is much tougher than before and more challenging because of all the new products that have been recently introduced. He said RIM would most likely have to cut the price on its BlackBerry even more. RIM has had to delay the launch of the BlackBerry 10 twice and announced recently that it would not be launched until sometime in 2013.
Prior to the announcement of RIM’s quarterly loss, most analysts had expected only negative new financially. Some Wall Street analyst said that RIM had been given a pass for its latest quarter, as it attempts to launch its all important new BlackBerry 10. A number of industry experts believe that RIM has put everything on the line with its new smartphone.
During its fiscal second quarter, RIM posted a net loss of $235 million. Even though that number is extremely high, it was much less than the $518 million loss it posted for the prior quarter. During the fiscal second quarter, RIM shipped 7.4 million Blackberrys down from the 10.6 million it shipped in the same quarter a year ago.
