Research In Motion refused the offer from Amazon.com for a financial ‘help’ – Part 1

Research In Motion are in financial troubles of late and there is a possible acquisition expected in the near future by some experts. However, RIM itself is conducting business against all odds and is stubborn in solving the problems own its own, which is
shocking.

The Canadian company’s major-sale product is the Blackberry smartphone, which has been its bread and butter for the last one decade however; due to a number of competitors in the market with even smarterphones that have interactive touch screens and easy-to-use
interfaces, the sales have been down this year.

The sales of the Blackberry coupled with the launch of their flagship tablet, Blackberry Playbook, were down the whole year. Playbook was one of the first tablets that were launched in competition with Apple’s iPad. However, like other companies, the Playbook
could not see a major success in the market.

The company announced earlier this month that the sales of Blackberry are going to be down further in calendar year 2012. This did not leave a good impression on the investors and the RIMM share price took a plunge in the graph.

Over the weeks since the announcement, the company has not shown a very exceptional improvement in its operations. More of the ordeal is still to haunt the company in the coming months until they come up with an out-of-the-box idea regarding their smartphone
or tablet.

However, many companies have approached RIM for a buy-out or a strategic partnership, but the Canadians have aggressively turned down the offers.

Recently, Amazon made advancements in talking RIM out of the oblivion and carve a deal for survival, but RIM Co-CEOs Mike Lazaridis and Jim Balsillie are still tough on taking the current problems in its own stride.

Short URL: https://www.newspakistan.pk/?p=6821

Posted by Usman Khalid on Dec 21 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry