Items tagged with Thorsten Heins
You have to wonder how much of a beating BlackBerry can take. After another period of struggling to compete with not only Android and iOS, but also having fallen behind Microsoft's Windows Phone platform in mobile market share, BlackBerry on Friday reported a loss of $965 million on revenue of $1.6 billion for its second quarter ended August 31, 2013. The massive loss is largely a result of a $934 million charge on unsold Z10 smartphone inventory, plus an additional $72 million mostly related to layoffs. BlackBerry's $1.6 billion in revenue is down 49 percent from $3.1 billion in the previous quarter and down 45 percent from $2.9 billion in the same quarter of fiscal 2013, BlackBerry said. It...
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BlackBerry, or the company formerly known as Research In Motion (RIM), may find itself a Guns 'N Roses fan, and in particular the song Patience. That's what BlackBerry's Chief Executive Officer (CEO) Thorsten Heins is asking from investors as the company continues to come up short of expectations during what's been deemed a "complex transition." "We are still in the midst of a major, complex transition of the this company, and like most of these transformations, progress can be volatile," Heins said during the company's annual meeting, according to USA Today. His words must have been somewhat inspiring to investors, who reacted by sending the company's share price up almost 1 percent on Tuesday,...
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If RIM has any fight left in it, we'll know when the next series of BlackBerry devices comes out. That make-or-break test is still months away, and we're seeing some activity on RIM's part in the run up to the big launch. Rim has shown the new devices to major carriers and is trumpeting what it claims is a positive reaction from them.Don't hold your breath for the BlackBerry launch, though: RIM still hasn't set a firm date for devices to go on sale, and analysts predict the Apple iPhone 5 will launch months before BlackBerry devices with the new BlackBerry 10 operating system hit the market. RIM CEO Thorsten Heins had hoped to get BB10 on the market by the end of the year, but conceded that...
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