Research in Motion (RIM) is no doubt having difficulties maintaining its position in the market as the shares of RIM have adversely been affected with the growing popularity of Apple's iPhones and Android devices.
Recently, the Canadian smartphone maker announced its fourth quarter loss of $125m. While informing the losses, the smartphone maker also said that it is planning to pull out itself from the customer mobile market.
RIM has blamed that the poor management has caused the smartphone manufacturer big loss. The company, in the coming time, would be experiencing reorganization of the management as it has been informed that Jim Balsillie, a former co-CEO of RIM, would be resigning.
Besides, David Yach, after having spent a period of 13 years, with the organization would also be resigning. David Yach, during his tenure at the company, has enjoyed a position of CTO. Jim Rowan, COO of global operations, is also said to be looking for opportunities outside the company.
The ongoing weakness of the company is believed to be one of the reasons behind a large number of board members planning to leave the firm. While commenting over the plight of RIM, the Director of Magister Advisors, Victor Basta, said: “Why should RIM exist when all other smartphone makers are developing better products faster”.
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