Apple sold three million new iPads in THREE days when it was released. 500k is a joke.Even if the sold 500k Playbooks that's pretty poor.
Edit - not to mention I bet they were discounted like crazy to even hit that 500k number.
Apple sold three million new iPads in THREE days when it was released. 500k is a joke.Even if the sold 500k Playbooks that's pretty poor.
I've seen them as low as $150 at Staples.Edit - not to mention I bet they were discounted like crazy to even hit that 500k number.
I don't have any of their stock and I rarely did even for my clients. I didn't make money on it when it went up and I didn't lose when it went down. I haven't been near the stock since the end of 2010 for what little I had, anyway. But the managerial hubris that caused this failure bothers me and it's coming out in anger. I am angry about it because I don't understand it. The company couldn't buy an iPhone in the past 5 years to see what it does?JMD20 - You've been passionately negative about RIM in this thread. Just wondering why so much so? Did you own a lot of their stock? Former employee? There's reason to be critical about many of RIM's move or non-moves but you seem almost angry about them. I was honestly wondering why.
My guess is that RIM, like Sears, may be worth more broken up than as a whole.I don't claim to know anything about the stock market outside of the basics, but what's with the bounce of RIMM today? Does it have to do with many closing their shorts?
This isn't the kind of story we'd normally cover, but as some members of our team were present, we thought we'd bring you the news that a man has been left in a serious condition after reportedly being stabbed in the neck with a broken bottle at a BlackBerry event in London.
An argument broke out as guests were queuing to leave the event, resulting in a man in his 30s being injured. Police say the man is in a "serious" condition, according to the Telegraph.
He was taken to an East London hospital, while one man has been arrested and is in custody, the paper reports.
Or don't. Nokia downgraded to junk. I spend a lot of time in Helsinki and the senior business community there is very, very pessimistic and disappointed in what seems to be the inevitable demise of Nokia as a Finnish national champion.Compare RIM's experience to Nokia's ...
Apple and Android have crushed what were once the pride of Canada AND Finland. Still, I think NOK has a chance to turn around with the Lumia phone while I think RIMM has a lot more work ahead of them before they can get it going.Or don't. Nokia downgraded to junk. I spend a lot of time in Helsinki and the senior business community there is very, very pessimistic and disappointed in what seems to be the inevitable demise of Nokia as a Finnish national champion.
"We believe RIM's BlackBerry Enterprise Server and NOC architecture and recurring enterprise revenue stream are RIM's key strategic assets and are attractive to potential suitors," said Canaccord, which values the segment at about $2.75 billion. Other estimates peg the services business as being worth as much as $4.5 billion, but analysts also warn that using RIM's infrastructure to support other operating systems might be a technically challenging task.
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RIM's patent portfolio would be attractive to Google, Apple, Samsung, Nokia, Microsoft and other players in the fast growing smartphone market. Analysts and bankers value RIM's patents at somewhere between $2 billion and $3 billion.
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Analysts see little to no value in RIM's handset business, which likely lost money last year, according to some analysts who parsed the finer points of the company's filings. The big negative for RIM flagged by analysts at Nomura are the "likely long-term losses from the device unit and the possible $2 billion needed to gradually close this unit down."
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RIM, whose current market capitalization has fallen to about $5.5 billion, in fact has a cash reserve of about $2.1 billion. But Wall Street is ascribing little to no value to this stash, as a large part of it will likely go toward restructuring costs.
I think I said it up thread, but we're in 5-10 companies a week and you're par for the course. 12 months after most orgs are somewhere between 40%-60% or so, give it 18 months you'll prob be at 25% and after 2 years I'd be shocked if you weren't under 10%.12 months ago my company had 10,000 blackberries in circulation. Today we have 5,000.
They're lucky it was 33%. This is a quarter in which they...WSJ: "In the latest quarter, RIM's revenue plunged to $2.8 billion from $4.9 billion in the year-earlier first quarter. The company posted a net loss of $518 million, or 99 cents a share, in the quarter ended June 2."
Jesus christ, sales fell 33%? In one quarter? That's a pretty epic collapse.
“The U.S. launch of the Z10 started poorly and weakened significantly as the days passed,” Joseph Fersedi, an analyst at ITG Investment Research, said today in a note, citing information from independent dealers. Some U.S. retailers are seeing a significant increase in customers returning their Z10s because they find the interface unintuitive, Detwiler Fenton & Co. said today.
“In several cases, returns are now exceeding sales, a phenomenon we have never seen before,” Detwiler Fenton said.
jayhoz said:"In several cases, returns are now exceeding sales, a phenomenon we have never seen before,” Detwiler Fenton said.
QNX as a phone OS or in its general form as a RTOS (ie what RIM bought)? I would guess the phone OS has little value because vendors that want an OS can build off Android. WebOS seems like it has little value now.wade boggs chicken dinner said:
Not that I have a dog in this fight, but what is this supposed to mean? That peeps bought BBerry unlocked for $900.00 and are now trying to return it back to the carriers?
IMO, BBerry is not going to last long as a phone carrier (as opposed to NOK, which is concentrating on lower-end phones and which I think is the right strategy), but the QNX kernel is still a valuable asset.
I'm still sad that BBerry wasn't able to keep up with the times.
wade boggs chicken dinner said:Not that I have a dog in this fight, but what is this supposed to mean? That peeps bought BBerry unlocked for $900.00 and are now trying to return it back to the carriers?
IMO, BBerry is not going to last long as a phone carrier (as opposed to NOK, which is concentrating on lower-end phones and which I think is the right strategy), but the QNX kernel is still a valuable asset.
I'm still sad that BBerry wasn't able to keep up with the times.
BlackBerry (BB.TO) said on Friday it would ask securities regulators in Canada and the United States to probe a report about retail return rates for its new Z10 smartphone that it called "false and misleading."
LoweTek said:BBRY is asking regulators to investigate the claims of high return rates indicating they are false and implying the report was nothing more than an attempt to manipulate the stock.
http://sg.finance.yahoo.com/news/blackberry-ask-regulators-probe-report-141509012.html
SoxFanInCali said:Well, I can confirm that my company ordered 2 of them from AT&T when they first came out, and returned them 2 weeks later. Given that Blackberry was pushing clients to install the new BES 10 infrastructure before any phones were available to test, I'm guessing that we weren't the only ones to do this.
The main reasons given were the lack of apps and the gestures not being intuitive. People also thought it looked and felt cheap.wade boggs chicken dinner said:Do you know why they returned them so quickly? Interested in hearing anecdotes.
[SIZE=11pt]Yesterday, entrepreneur and angel investor Robin Chan posted a slide deck for "Project BBX," a now-abandoned plan to turn around the company with a small product and engineering team. With BlackBerry now officially exploring a sale, Chan’s plan offers a glimpse of what BlackBerry might have become — a purely business-focused company with no BlackBerry 10, fewer devices, and no reason to hire Alicia Keys as a creative director. Instead, it would focus on its trademark phones and data network, leaning on iOS and Android in order to survive.[/SIZE]
Chris Jourdan, who owns and operates 16 Wireless Zone stores in the Midwestern U.S. that sell Verizon Wireless products, said customers didn't show up for the Q10 as expected. His stores only ordered a few of the devices per location and "the handful that sold were returned."
"We saw virtually no demand for the Q10 and eventually returned most to our equipment vendor," he said.
In another indication the new BlackBerry devices aren't selling well, used phone dealers aren't reporting the flood of old BlackBerrys that typically comes when updated devices are released. Jeff Trachsel, chief marketing officer at NextWorth, which buys used electronics, said both the all touch-screen Z10 and Q10 launches were "nonevents" from a trade-in perspective.
"We thought there would be a pocket of die-hard BlackBerry enthusiasts waiting to upgrade, but it seems they have already moved on," he said.