Research In Motion (RIM) is a Canadian multinational telecommunications company headquartered in Waterloo, Ontario, Canada, that designs, manufactures and markets wireless solutions for the worldwide mobile and tele-communications market. They are mostly known for making the BlackBerry brand. When the BlackBerry was invented during the early 2000’s it was a huge hit. When 2011 came along, things starting to go downhill for RIM. Over the course of the year, they have lost more than 75% of their stock value. This caused a decline in investor’s confidence. However, they would have to deal with competition from Apple, faulty devices like Playbook turned consumers off, and frequent job cuts. If these points do not get dealt within the next 5 years they will declare bankruptcy and will cause a major impact in the cellphone industry. Competition from Apple is taking away potential sales from RIM. However, it is one of the few problems they must deal with in order for them stay in business. Apple is just one of the few competitors for RIM. On October 12th, Apple released the new iMessage and its new iPhone 4S and while that was happening, RIM was facing a worldwide outage that affected millions of people. People that were using the BlackBerry were sick, and tried having to deal with frequent outages, and decided to switch to the iPhone. That is another reason why competitors like Apple are doing a lot better because of selection. Rim’s phones are out-dated compared to those other firms’. Consumers have more choices today, and in many cases, the alternatives are superior. The BlackBerry has a single-core chip inside with a 640x480 screen, compared to the Apple, which has two-cores and 640x960 screens. On March 11th 2011, Apple release... ... middle of paper ... ...ada – CBC News, December 15, 2011 RIM looking anemic: Revenues down, more job cuts on the way, PlayBook sales negligible, September 15, 2011 RIM stocks drop 23 per cent after BlackBerry maker reports poor Q2 performance – Global News, September 16, 2011 RIM timeline – theSpec.com, January 23, 2012 Exclusive: Amazon weighed buying RIM, interest cooled – Yahoo! Finance, January 12, 2012 Is Lazaridis/Balsillie exit enough to save RIM? – Yahoo! Finance, January 23, 2012 Rim’s Chances For A Successful 2012: About Zero – BYTE, January 03, 2012 Rim’s Chances For A Successful 2012: About Zero – BYTE, January 03, 2012 RIM stock declines 8.4% following CEO step-down – Fudzilla, January 23, 2012 Ten things RIM's new CEO must do right away – CNET News, January 23, 2012 Microsoft, Nokia Reportedly Considering Rim Buyout – HotHardware, January 12, 2012
...epartments where needed. His strategy and vision for the company will determine where everyone will focus their efforts.
The commotion lead to investors and brand patriots alike, wondering how an internet giant like Google can integrate with and run a hardware company that had been profusely bleeding cash and had begun the downward spiral over the last few quarters. A quick answer was that Google could now manufacture hardware in large quantities. Motorola was once a major mobile manufacturer. Looking at the OEM market share data, Motorola, at the time, held a market share of 13.7%. This had plummeted from the previous year's share of 20%.
Recently, many companies have struggled during the economic downturn. Many investors have lost money in their investments. Usually during an economic crisis people invest in government bonds, health care, and commodities. However, the two companies being compared are in the industry of technology, which amazed many investors when both companies continued to make record-breaking growth during recent economic times. Apple Inc. is the maker of iPhone, iPad, iPod, iMac, MacBook, icloud digital storage and various different software applications.
...lackberry has highly enriched and developed Canadian economy and job sector. Blackberry has been a very significant contributor to Canadian economy’s progression, employment and mobile advancement that defined and presented a powerful and technological Canada among the world.
Research In Motion completed another successful year with significant growth in finances and product development. In 2008, the company was highlighted with revenue growing 98%. They earned $6.01 billion in 2008 compared to $3.04 billion in 2007. The customer base for RIM became much stronger as the blackberry subscriber account base reached over 14 million people. Several new phones were introduced and RIM shipped the 25 millionth blackberry smart phone in 2008. The blackberry brand grew more powerful and saw over half of the subscriber accounts in the forth quarter come from non-enterprise customers. With the addition of over 80 new carrier partners around the world, they launched several software applications and solutions for the blackberry. In particular, they launched the Blackberry Professional Software for small and mid-sized business markets and Blackberry Unite for the home and small office/home office. In addition to the several product developments they also become the first mobile platform to receive Common Criteria Evaluation Assurance Level 2+ security certification. (RIM Annual Information Form)
Apple Inc. went from rags to riches in becoming the largest company in the world by market cap and making $108 billion in 2011 (Heather). Apple Inc. was an underdog and Microsoft was ruling the technology world. Then Apple made the iPod and the iPhone and with that they took over the technology world. Apple sold one million iPhones in the first three months of releasing of the first iPhone in 2007 (Heather). Since the beginning of Apple, Apple’s
Both the NBA and college basketball seem to be in a rut. And as stated
Rondo's Inventory Ratio declined to 9.5 in 2005, down from a ratio of 10 in 2003 and 2004. Rondo's sales improved year-over-year and the decline in inventory turns may be the result of carrying more inventory in response to increased sales. However, Rondo is still carrying too much inventory or the company may have excess obsolete inventory. Rondo needs to utilize just-in-time methods to improve inventory turn over. (Nice catch.) Carrying fewer inventories is required to improve efficiency and reduce cost. Rondo's performance is poor in this area.
In 2007 and after the huge success of apple’s iPhone, Blackberry decided to diversify from the Enterprise market into a new market segment(consumer market) using its existing product(the business phones).
While profits from semiconductor sales are keeping stakeholders happy, Samsung is pursuing a differentiation strategy in the smartphone market. The managers are committing more resources to researching something they think will revolutionize phones. author name writes, “All smartphone makers face the issue of stagnancy in hardware innovation. Samsung is currently working on developing a smartphone with foldable displays…” (Tanner). There has not been a ground-breaking development in smart phones in the last few years, so the managers believe
innovative companies of the world due to the creation of differentiated products such as iPod,
In the late 1990s, with the release of Windows, Apple was placed on the right track. Apple released its’ 20th Anniversary Macintosh in 1997 which marked the beginning of Apple’s return (Crofford, 2011). The next year, Apple released the IMac, which was a highly received by the public. Apple reported over $80 billion in cash on its’ last Form 10-K filing with the Securities and Exchange Commission (Emerson, 2011). Today Apple produces several different products including IPhone...
BlackBerry, formerly known as Research in Motion (RIM), was a market leader and innovator for smartphone products. The business and government sectors found the BlackBerry device particularly useful because of its email capabilities, superior security system, and convenient keyboard. As the smartphone industry began to shift its focus towards the average, everyday customer, competition increased, and BlackBerry’s first-mover advantage began to decline. Over the past five years RIM has changed its corporate name to BlackBerry, been purchased by private equity firm Fairfax Financial, written down over $1 billion in assets and unsold inventory, and laid off more than 40% of its workforce (Connors).
In 2007, Apple designed the first touch screen phone and it was a huge change and after three years, everyone wants to buy touch screen phone and Apple became the super star of the smartphone market. Apple’s unique designs changed the definition of fashion in the smartphone world, sine then, apple become the leader of smartphone market.
Associated Press. (2011). Burger King falls to 1Q loss, sales drop 8 percent. Retrieved from: http://finance.yahoo.com/news/Burger-King-falls-to-1Q-loss-apf-2850409674.html?x=0&.v=1.