Another tragedy.. iPhone is to be blamed or Blueberry (oops.. Blackberry..) themselves!!! I think, it is more or less beginning of the demise of once stalwart in this area.. amazing.. how fast things changes in this area..
New software is not ready, pushing release to late 2012
By Rob Gillies
Associated Press
TORONTO — Black-Berry maker Research In Motion said Thursday that the new phones deemed critical to the company’s future won’t be out until late 2012. Mike Lazaridis, one of the company’s co-CEOs, said the BlackBerry 10 phones will need a highly integrated chipset that will not be available until mid-2012, so the company can now expect the new phones to ship late in the year. “We’ve experienced a delay,” he said on a conference call with analysts. Analysts say RIM’s future depends on the new software platform. RIM needs to come up with a compelling BlackBerry as U.S. users have moved on to flashier touch-screen phones such as Apple’s iPhone and various competing models that run Google’s Android software. Earlier Thursday, RIM said BlackBerry sales will fall sharply in the holiday quarter, providing further evidence that it is struggling to compete with the iPhone and smartphones running Google’s Android software. It also has been having a hard time finding a niche in the tablet-computer market, which is dominated by Apple’s iPad.
The company’s stock fell nearly 8 percent.
RIM said its net income sank 71 percent as revenue fell and the company took a large accounting charge because it had to sell its Play-Book tablet computer at a deep discount. RIM earned $265 million, or 51 cents per share, for the quarter that ended Nov. 26. This compares with $911 million, or $1.74 per share, a year ago. The Canadian company said revenue fell 6 percent to $5.2 billion.
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