Research in Motion (RIM), the Canadian company which manufactures the Blackberry smartphone, will not be proceeding with the planned launch of the Blackberry 10 according to TechRadar
. The announcement follows RIM reporting a $518 million net loss in the three months to June 2 and an indication that around 5,000 jobs will be cut worldwide.
In response to the economic data, Thorsten Heins, President and CEO, said in an official RIM press release
“Our first quarter results reflect the market challenges I have outlined since my appointment as CEO at the end of January. I am not satisfied with these results and continue to work aggressively with all areas of the organization and the Board to implement meaningful changes to address the challenges, including a thoughtful realignment of resources and honing focus within the Company on areas that have the greatest opportunities.
Our top priority going forward is the successful launch of our first BlackBerry 10 device, which we now anticipate will occur in the first quarter of calendar 2013. In parallel with the roll out of BlackBerry 10, we are aggressively working with our advisers on our strategic review and are actively evaluating ways to better leverage our assets and build on our strengths, including our growing BlackBerry subscriber base of approximately 78 million, our large enterprise installed base, our unique network architecture and our industry leading security capabilities.”
Blackberry 10 was expected later this year. However, the BBC
now expect the launch to be delayed until the first quarter of 2013. As reviewed by Engadget
, the new smartphone will have a platform-wide flow interface, a new intelligent keyboard, as well as a camera app.
The launch of the 10 may not be enough to keep RIM as an economically viable company, according to IT Pro
: “RIM could run out of cash and ultimately fail, even with the launch of its now-delayed BlackBerry 10 device early next year.”
Time will tell. At present, however, things look bleak at RIM.