According to the Associated Press, Research in Motion, makers of the Blackberry smartphone, have announced a $995 million quarterly loss ending in June of this year. A billion dollars in three months means that, for every day of the period, the company lost about $463,000 an hour. Yes, $128 per second non-stop around the clock.
It should come as no surprise, then, that they also announced a lay-off of about 40% of their global staff. It seems hard to believe that the stock only took a 19% hit, though.
As Apple announces its new line up of stellar iPhone devices, and releases a more ambiguously successful iOS 7, and Android continues its market growth on the strength of handhelds by the likes of Samsung, RIM simply couldn't keep up. Android goes anywhere and everywhere, while Apple keeps a fairly specific OS on a fairly specific device. But RIM's decision to go single OS on single device type with singular market purpose seems to be their death knell. The signs have been growing for years, but it looks like (other than some niche solutions) the Blackberry is going the way of the dinosaur, better late than never.