Seems, struggling Research In Motion has got another worry in its kitty. If reports are to be believed, RIM has announced that it is expecting yet another operating loss in the quarter ending June 2.
For the last quarter ending March 3rd, RIM reported a net loss of US $125 million. As far as RIM’s phone shipment is concerned, it plunged 21 percent.
Acknowledging company’s gradual down fall, RIM has hired two investment banks J.P. Morgan and RBC Capital Markets to access its business and financial conditions. These banks are likely to help RIM by evaluating alternative strategies that might include licensing its OS.
Moreover, Canadian company is also planning to cut nearly 2,000 jobs worldwide.
Thorsten Heins, CEO at RIM has shared his view on RIM’ gradual slowdown that on-going competitive environment is impacting RIM’s business in the form of lower volumes and highly competitive pricing dynamics in the marketplace. He is expecting that RIM’s Q1 results will be badly reflected by its faltered strategies.
As a matter of concern, it is found, RIM’s shares have shrunk more than 50 percent this year after an increasing competition from Apple and Google’s Android powered devices.
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