The pioneer of the mobile email, RIM is passing through a difficult
period as it has postponed the make-or-break launch of its
next-generation BlackBerry phones until next year. It shares slumped 14
percent at $7.86.
With sales crashing, Research in Motion Ltd (NASDAQ: RIMM) has put on hold the make-or-break launch of its next-generation BlackBerry phones until next year. The once-dominant technology company is passing through a difficult period with a steeper-than-expected quarterly operating loss and deep job cuts.
As a result, the shares of the company plunged 14 percent at $7.86 in after-hours Nasdaq trading, after it announced the delay in release of its revamped BlackBerry 10 devices to early 2013.
The release of the devices was considered to be the last best hope of fighting the competition from Apple’s iPhone and other phones that use Google Inc's (NASDAQ: GOOG) Android software. Analysts and investors felt that their worst fears were confirmed by the delay in releasing these devices.
For more details visit here: New BlackBerry Launch
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| RIM Puts New Blackberry Launch |
With sales crashing, Research in Motion Ltd (NASDAQ: RIMM) has put on hold the make-or-break launch of its next-generation BlackBerry phones until next year. The once-dominant technology company is passing through a difficult period with a steeper-than-expected quarterly operating loss and deep job cuts.
As a result, the shares of the company plunged 14 percent at $7.86 in after-hours Nasdaq trading, after it announced the delay in release of its revamped BlackBerry 10 devices to early 2013.
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| Blackberry Launches |
The release of the devices was considered to be the last best hope of fighting the competition from Apple’s iPhone and other phones that use Google Inc's (NASDAQ: GOOG) Android software. Analysts and investors felt that their worst fears were confirmed by the delay in releasing these devices.
For more details visit here: New BlackBerry Launch
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