Items tagged with NASDAQ: RIMM
Research In Motion (RIM) is in control of its own fate. If BlackBerry 10 flops, and by extension, the company's next-generation mobile plans, the Canadian company will only have itself to blame, and not any of the major wireless carriers. That's because BlackBerry 10 reportedly has the backing of all four major wireless carriers in the U.S., including AT&T, Sprint, T-Mobile, and Verizon. Lining up the big names in wireless is a big deal for the struggling handset maker. Overshadowed by uber popular iOS and Android smartphones, RIM has largely lost its relevance as a major player in the smartphone market, though it's doing a little better internationally. Still, BlackBerry 10 is viewed as...
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If BlackBerry 10 doesn't end up being the savior that Research In Motion (RIM) hopes it will be, then maybe RIM should a write a book titled, "How Not to Navigate the Mobile Waters." It'd be an instant hit, and might be even be required reading for every Nokia employee, a company that's struggling to regain relevance of its own. But that's a topic for another day. Right now the focus is on RIM and it's plummeting stock price. RIM's share price fell nearly 23 percent heading into the weekend, ending the trading day at $10.91 on Friday. The sudden drop in share price is a knee-jerk reaction to RIM's announcement that it would lower prices on existing BlackBerry 7 devices and raise service fees...
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