Beleaguered RIM shares tank further as CEO hit with tepid response to Blackberry 10

“Research In Motion Ltd. remains ‘laser focused’ on getting its new mobile operating system ready for launch later this year, the company’s new CEO told a crowd of BlackBerry enthusiasts Tuesday,” Dan Gallagher reports for MarketWatch. “No further details were given on the planned commercial launch of the new BlackBerry 10 platform or the devices that will run on it.”

“In a keynote address at BlackBerry World in Orlando, Florida, RIM Chief Executive Thorsten Heins stuck to the company’s previously stated goal of having new devices on the market ‘later this year’ — a time frame that analysts worry will pit the company’s offerings directly against the next iPhone,” Gallagher reports. “Shares of RIM were down [5.73%] Tuesday.”

Gallagher reports, “The opening of the conference also coincided with a report from IDC that showed RIM’s share of the global smartphone market fell to about 6.7% in the first quarter of this year, compared to 13.6% for the same period last year… Another report, from comScore, found that RIM’s share of U.S. smartphone subscribers fell to 12.3% in the first quarter from 16% in the December period.”

MacDailyNews Take: Beleaguered RIM is Dead Company Walking (DCW). They’re just killing time while praying for a buyout.

Gallagher reports, “Ed Snyder of Charter Equity said the ‘squishy release schedule’ that RIM is sticking to points to a late 2012 release for BlackBerry 10 handsets, which would be problematic for the company. ‘Android and Apple are not golfing, they’re gearing up for another round of new products that could make BB10 look old long before the fourth quarter,’ he said. ‘I wouldn’t buy the stock on what I saw today.'”

Read more in the full article here.

MacDailyNews Take: Hey, let’s dick around for 5+ years, during which the most exciting things we deliver are multiple continent-wide service outages, and then try to take an OS than runs on car batteries and try to jam it into handsets! Yeah, great idea – that’ll finally put us out of our misery after being run over for 5+ years by that unending, merciless, speeding Apple locomotive.

[Thanks to MacDailyNews Reader “Spark” for the heads up.]

Related articles:
Apple takes lion’s share of mobile profits; Samsung unit sales estimates cloud market share picture – May 1, 2012
Beleaguered RIM confirms responsibility for ‘Wake Up’ mock protest at Apple Store Sydney – May 1, 2012
Beleaguered RIM said to discuss hiring bank to weigh strategy options – April 16, 2012

25 Comments

    1. Oh come on. I tend to agree with your sentiments but christ almighty, why take the non sequitur route? Or did you mistakenly post in the wrong thread?

    2. Yeah, this is really embarrassing. Quit injecting these ridiculous political angles into every story. It derails the comments, usually in an ugly and negative way.

    3. You guys think his record here on MDN has been bad? Just wait until Obama gets re-elected in Nov. Personally, I’d buy tickets to see first 2010 then 2012’s brains explode.

  1. “new devices on the market ‘later this year’ — a time frame that analysts worry will pit the company’s offerings directly against the next iPhone,”

    The 3GS, a three-year-old phone, outsells all BB’s (on AT&T), so I wouldn’t worry about that.

  2. They should have hired a bunch of people in black unitards to dance around RIM hq shouting “wake up!” five years ago, when they could have been saved.
    It’s way to late now.

    1. That’s hilarious. It’s comments like yours that keep coming back to this site everyday! Even when the political zealots go off on their idiotic binges, I know I’ll find a gem!! Kudos!!

  3. Wow, amateur hour just won’t end!

    And just for memory’s sake, their ad was “amateur hour is over: the blackberry playbook is here.”

    Right.

  4. So this conference was at someplace called Blackberry World in Orlando? Boy, I wish I’d known that, I could have gone to Disney World down the street and missed the crowds. Oops, Blackberry World was held in the breakfast room of the Motel 6 on the other side of the Amtrak station.

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