It's all losses and delays for Research In Motion (RIM), the struggling mobile firm most appropriate well known for its once-popular BlackBerry devices. RIM mislaid $518 million in the final 3 months and has voiced skeleton to cut 5,000 jobs and check its BlackBerry 10 stage until 2013, according to the company's first-quarter gain inform expelled Thursday.
RIM voiced BlackBerry 10 in May , indicating that the arriving stage would be existing by the finish of this year. But in its Q1 gain report, the firm backpedaled on its initial promises.
The firm attributes the reversal to the time it takes to exercise new features, saying that "the formation of these features and the related considerable volume of ethics in to the stage has proven to be more time immoderate than anticipated."
BlackBerry 10 is right away approaching to launch in Q1 of 2013.
"RIM's growth teams are in cold blood focused on ensuring the high quality and trustworthiness of the stage and we will not negotiate the product by delivering it before it is ready. we am assured that the first BlackBerry 10 smartphones will supply a ground-breaking next era smartphone user experience," RIM President and CEO Thorsten Heins mentioned in a statement.
It's a pierce that will of course harm the company, given it won't have any new products is to legal holiday season. Considering that competitors inclusive Apple, Microsoft, and Google are all releasing new mobile platforms before the finish of the year, RIM will be at a poignant disadvantage.
To make counts worse, the firm voiced that it will cut 5,000 jobs globally by the finish of mercantile 2013. Other workforce changes add slicing back on administration and outsourcing more "non-core functions," inclusive device repairs.
With all these setbacks, the firm itself is even acknowledging the hurdles it faces in the forthcoming year.
"The Company expects the next a few buliding to go on to be really severe for its business formed on the stepping up aggressive environment, descend handset volumes, prospective financial and other impacts from the check of BlackBerry 10," RIM said.
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