Friday, July 13, 2012
More Trouble in RIMland
RIM, maker of the rapidly fading Blackberry, is continuing to get pummeled in the marketplace. First, RIM manufacturer Celestica announced it will stop manufacturing hardware for RIM, probably due to RIM announcing it will not be releasing its Blackberry 10 until later in the year (read the article). RIM also announced it is discontinuing the 16gb Playbook tablet. Although the company claims it is still in the tablet market and that customers want the higher capacity models, speculation suggests that this is a cost-cutting measure since the Playbook is widely considered to be a failure (read the article). Taking into consideration RIM's plunging stock value and planned job cuts, it probably won't be long before the company folds or is acquired.