RIM Cuts Profit Forecast as BlackBerry Demand Falls Short

Bloomberg:

Research In Motion Ltd., facing intensifying competition from Apple Inc. and Google Inc., cut its sales and profit forecasts for this quarter on slower-than- expected demand for BlackBerry smartphones. The stock plunged. […]

RIM said BlackBerry shipments will be at the lower end of the range of 13.5 million to 14.5 million it projected last month, and the mix of devices it sells will shift toward cheaper models.

Starting to get the feeling that RIM is a company on the verge of collapse.

★ Thursday, 28 April 2011