Lazaridis said at the time the PlayBook was worth continuing because the tablet market is still “in its infancy and that “based on the positive response to the promotions that are underway in select markets, RIM believes this strategy will accelerate adoption” of its new operating system and help built the application ecosystem for devices planned for 2012.
RIM failed to plan for the future while it controlled the smartphone market years ago. Then it lied to its users and the market and said the PlayBook was planned all along — it didn’t take a genius to see that the PlayBook was thrown together at the last minute to mitigate a threat from the iPad.
As previously disclosed, RIM has a high level of BlackBerry PlayBook inventory. The Company now believes that an increase in promotional activity is required to drive sell-through to end customers. This is due to several factors, including recent shifts in the competitive dynamics of the tablet market and a delay in the release of the PlayBook OS 2.0 software. As a result, RIM will record a provision that reflects the current market environment and allows it to expand upon the aggressive level of promotional activity recently employed by the Company in order to drive PlayBook adoption around the world.
The Star: George Campbell, 45, of Conestogo, Ont., and Paul Alexander Wilson, 38, of Kitchener, pleaded guilty to one charge of mischief in Richmond Provincial Court on Wednesday. They were each given suspended sentences and one year’s probation, and ordered … Continued
Alastair Sharp for Reuters: The company said on Tuesday that it will launch its new Mobile Fusion device management software in the first quarter, allowing corporate IT staff to set and monitor rules for passwords, apps and software on a … Continued
The Guardian: RIM lost 1.8m subscribers in the US in the three months to September despite its new BlackBerry 7 phones going on sale in the final month, according to new data from comScore’s MobiLens survey of smartphone users. That’s … Continued
Ina Fried: RIM, for its part, says it has licensed Adobe’s source code and plans to continue supporting Flash on the PlayBook. As Matt Alexander said to me today: “Dying companies working with dead products? It’s like corporate necrophilia.”
Research In Motion Ltd. (RIM)’s decline below book value for the first time in nine years leaves the BlackBerry maker worth less than the net value of its property, patents and other assets in a sign of investors’ lowered faith.“This is a wounded puppy,” Timothy Ghriskey, who oversees $2 billion as chief investment officer of Solaris Group LLC in Bedford Hills, New York.
Investors had the chance to kick the co-CEOs to the curb at the last annual meeting and they didn’t. Instead they asked the pair softball questions and accepted their lame explanations. The downfall of the stock is much the fault of the investors as it is the CEOs at this point.
Message from Jim: Earlier today RIM began offering a “buy 2, get 1 free” PlayBook deal. I thought it would be appropriate to help the company come up with some other special offers. I contacted Darby Lines, aka The Angry Drunk, to work some of his magic.
Take it away Darby:
The Sampler package: Buy 4 PlayBooks and get a Samsung Galaxy Tab, a Motorola Xoom, an HP TouchPad and a Dell Streak. Enjoy the full range of crappy tablets.
BGR.com: It specifically focuses on “RIM’s failure to take action to either directly compensate BlackBerry users or to indirectly compensate BlackBerry users by arranging for wireless service providers to refunds their customers and to take full responsibility for these damages.” … Continued
In an apparent effort to make sure I had something to write about today, RIM announced that it has delayed the release of its PlayBook OS 2.0 software until February 2012. CrackBerry.com reported the news last night. The full text … Continued
I’m always looking for interesting, sometimes funny, things to read and pass along to you. I never know where I’ll find it, but today I found something in the comments right here on The Loop. In my story yesterday “RIM … Continued
According to The National, accidents fell 20% in Dubai and 40% in Abu Dhabi. Lieutenant General Dahi Khalfan Tamim from the Dubai Police department said his force saw the largest decrease among young drivers and men. If BlackBerry users had … Continued
Macworld: At a service update conference held on Thursday afternoon, RIM co-CEO Mike Lazaridis said, “We don’t know why the switch failed and why service never failed over to another alternative switch.” Asked why the company couldn’t avoid network traffic … Continued
Reuters: Millions of BlackBerry users around the world were left without text communication services for a third day on Wednesday as Research in Motion struggled to fix what it said was a switching failure in its private network. The text … Continued
BBC: A few hours after Blackberry maker RIM said all services were “operating normally” users have complained of a new crash. Twitter is full of angry users reporting renewed issues with their handsets and an inability to send messages and … Continued
Adam Schreck for the Associated Press: Patrick Spence, RIM’s managing director for global sales and regional marketing, told The Associated Press in Dubai that the Waterloo, Ontario-based company was not as clear as it could have been in defining the … Continued
Fortune: When measured against other smartphone/tablet operating systems, Apple’s (AAPL) iOS accounts for more than half of the visits to its clients’ 40,000 websites around the world. In fact,the 54.65% share that Net Applications recorded for iOS devices in September … Continued
Bloomberg: Apple, which will introduce a new iPhone version tomorrow, ships fewer handsets to the world’s second-largest mobile-phone market than it does to Norway. Nokia Oyj and Research In Motion Ltd. sell more devices in India, where smartphone shipments are … Continued
Reuters reports that Tyler Lessard, RIM’s senior vice-president for global alliances and developer relations, left the company. He’s just the latest in a long line of people that are abandoning RIM. Mike Kirkup, a director of developer relations, resigned in … Continued
CNBC: Says talk that its Playbook tablet is being discontinued is “pure fiction” * Says remains highly committed to tablet market and to its QNX operating system. The message is short but sweet; RIM is trying to counter rumors that … Continued
BGR.com: Research In Motion has reportedly stopped production of its BlackBerry PlayBook tablet and is considering exiting the space altogether. Collins Stewart analyst John Vinh made the claims in a note to investors Thursday morning, citing anonymous sources at RIM’s … Continued
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AppleInsider: Industry sources told DigiTimes that the manufacturer is cutting back production lines for the PlayBook at a factory in Taiwan, offering preferential compensation to the roughly 1,000 workers who have been let go. Quanta confirmed the layoffs, but declined … Continued
The Guardian: Orders to Quanta from Rim are reported to have dropped substantially as the company struggles to cope with the excess inventory. At its earnings call last week company executives hinted that they would begin price promotions over the … Continued