Tough times for Canadian Research In Motion. First quarter net income was $695 million, down from $934 million in the prior quarter. Revenue fell to $4,6 billion, a 12% decline. Data that will require a 'slimming' of the workforce employed at Rim.
The reason for the group's difficulties lies in Apple's aggressive competition with the iPhone and Google's new Android operating system, which has squeezed Rim into fourth place in the smartphone market. The managing director, Jim Balsillie, announced the arrival of new products during the year. However, he did not make any reference to the size of the planned job cuts.
The BlackBerry suffers from competition from Apple
Research In Motion, the Canadian company that produces the BlackBerry, reports declining revenues and announces job cuts – Google's competition also weighs
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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