Despite mounting troubles, BlackBerry maker Research in Motion is not going anywhere, according to its CEO.
In a radio interview with the Canadian Broadcasting Corporation (CBC) on Tuesday, RIM CEO Thorsten Heins acknowledged that RIM is facing huge challenges at the moment — especially in the US market, Reuters reported. But RIM is going through a transition period, Heins said, and he's "positive" the company will emerge victorious on the other end.
"There's nothing wrong with the company as it exists right now," Heins said on CBC's Metro Morning, a local radio program in Toronto, according to Retuers. "I'm not talking about the company as I, kind of, took it over six months ago. I'm talking about the company (in the) state it's in right now."
He added, "This company is not ignoring the world out there, nor is it in a death spiral."
When asked for comment, a RIM spokesperson pointed to a recent op-ed Heins wrote for leading Canadian daily newspaper the Globe and Mail, in which he said the company's global subscriber base had grown to more than 78 million people in 175 countries. RIM is still the top smartphone in some of the fastest growing markets in the world, he added.
"RIM has no debt," Heins wrote. "The company also has more than $2 billion (£1.25 billion) in cash on its balance sheet, and generated $710 million (£450 million) in operating cash flow in its first quarter."
Despite Heins's optimism, RIM has a lot to be worried about. The Canadian company last week announced absolutely brutal financial results, noting that it shipped 7.8 million BlackBerry smartphones, down from 11.1 million last quarter. Worse yet, RIM announced that it will delay the rollout of its BlackBerry 10 operating system until the first quarter of 2013, a move that has some questioning if RIM will even last that long.
In spite of its troubles, RIM is apparently pressing forward. A newly leaked roadmap obtained by BlackBerryOS purportedly reveals the company's hardware plans for the next year. If the roadmap is to be believed, RIM is planning to launch QWERTY and full-screen BlackBerry 10 devices during the first quarter of 2013. The company also apparently will launch a new tablet called Blackforest, which could boast 128GB of internal storage.
A RIM spokesperson declined to comment about the leaked document.
But the delay of BlackBerry 10 is, to say the least, a major roadblock in the company's quest to make a comeback. Still, ITProPortal's mobile editor Rob Kerr has ventured that all hope isn't lost for the Canadian smartphone maker, outlining a series of ideas with the potential to revive RIM's fortunes.
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