Friday, March 30, 2012

Crisis-hit RIM posts huge loss, might dump consumer market

It looks like the chickens are finally coming home to roost at BlackBerry makers Research In Motion after posting a huge $125m loss for Q4 2011.We've been concerned about RIM since 2009 and it seems that those concerns were well-founded.

Reliable reports say that founder Jim Balsillie has quit the company, along with some other very high profile departures.

Unconfirmed reports say that RIM is quitting the consumer market to concentrate on business customers. Although this comes as a surprise to many, it is probably the only way that RIM can survive and it shows a marked change in direction from new CEO Thorsten Heins.

Other unconfirmed reports say that RIM might be for sale if someone makes the right offer.. but honestly it's hard to see who that might be.

You can read our full take of events here.

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