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Wednesday, May 30, 2012

RIM warns of quarterly loss and job cuts for BlackBerry workers

BlackBerryResearch In Motion has published a business update from CEO Thorsten Heins.

It warns that its quarterly results, due on 28th June, are likely to shown an operating loss due to the company’s ongoing transformation and the competitive business environment.

JP Morgan Securities and RBC Capital Markets have been appointed to review RIM’s business and financial performance. They’ll look at a number of possible business strategies including partnerships, licensing opportunities and alternative business models.

In addition, the statement says “there will be significant spending reductions and headcount reductions” in parts of the business, although other areas will see new staff being hired. It’s currently aiming to save $1 billion by the end of the 2013 financial year.

The company, which currently has around 78 million customers worldwide, is planning to launch its next-generation BlackBerry 10 platform later this year.

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Author: The Fonecast
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Categories: Handsets and manufacturers, Operating systems, NewsNumber of views: 1266

Tags: rimblackberry

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