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RIM CEO States that All is Well

By July 4, 2012February 28th, 2023Blog

News of RIM’s demise has been widespread and active as of late. The blackberry maker has lost millions in sales because of the introduction of Android and Apple devices. Their shares have dropped significantly and last quarter’s announcements indicated that their profits were down over 80%.

However, Thorsten Heins, CEO of Research In Motion, stated recently in an interview with the Canadian Broadcasting Corp. that the company was not “in a death spiral,” and that “there was nothing wrong with the company as it exists now.”

Heins’ comments have been met with skepticism. RIM recently announced that their next-generation Blackberry with upgraded features and OS will not be launched until early next year. This could mean a loss of millions of dollars, leaving many people wondering how RIM expects to survive that long against Android, Apple, and even Microsoft’s new Windows phones.

Heins continued to state that the company was nowhere near as close to demise as everyone thought, and that RIM was not “ignoring the world.” He also admitted that there are some challenges going on right now within the company. RIM plans on cutting 30% of its workforce in the next few quarters, and many analysts expect losses to continue into next year because consumers are not buying Blackberry products.

Chris Forte

Chris Forte, President and CEO of Olmec Systems, has been in the MSP workspace for the past 25 years. Chris earned his Master’s Degree from West Virginia University, graduating Magna Cum Laude. He was a past member of the Entrepreneurs’ Organization, a current member of the New Jersey Power Partners and Executive Association of New Jersey, where he has previously served on its board of directors. In his spare time, Chris enjoys traveling with his family. He also admits to being a struggling golfer and avid watcher of college football and basketball. He currently lives in Boonton Township, NJ with his wife, two daughters, son, and black lab Luna.