With sales declining for some time and the chief executives recently stepping down it was only a matter of time before RIM made some major changes to the once red hot company who lost an additional $125 million in the fourth quarter. From the news report:
Commenting on RIM’s figures, Victor Basta, director of Magister Advisors asked bluntly, “Why should RIM exist when all other smartphone makers are developing better products faster?” Basta said, “RIM has already lost the consumer battle and its main asset is its enterprise customer base, so retrenching to a corporate-only focus makes sense.”
Blackberry is now officially a ‘work only’ device.
UPDATE – The company has responded via Twitter, check it out after the jump.