Jim Balsillie June 10, 2015
Jim Balsillie January 22, 2012
I think the Globe and Mail was the first to report that RIM’s beleaguered CEOs Jim Balsillie and Mike Lazaridis are out – moved upstairs to the boardroom. The strangest thing about the story, and really the past few years, is the total denial by the leadership that Blackberry is in a death spiral.
Research In Motion Ltd.’s new chief executive officer says the company is doing everything right and does not need a change in strategy, and must instead focus on harnessing its talent to improve the BlackBerry and revive sales.
“It’s a fantastic growth story and it’s not coming to an end,” Mr. Heins said in an interview with The Globe and Mail. “What you will see with me is rigour and flawless execution.”
When asked whether he thought the appointment of Ms. Stymiest as chair and himself as CEO would be enough to satisfy investors, Mr. Heins retorted, “Change to what? Change for what?”
He continued, “I mean, what’s the objective of a change? We’ve made a lot of changes in the past 18 months. Not changes, but also evolution. I changed a lot of my management team, in hardware, software … I’ve trained a lot of other people in the last four years. What do you think I did? … We didn’t stand still in the last 18 months, we did our homework. And I think we will complete our homework soon.”
Even in appointing a current co-COO, who looks even less charismatic than either of the two people he replaces (video below), RIM is hedging its bets on Blackberry 10/QNX, which it won’t release until the end of 2012 on phones —if it bucks recent trends and ships on time. Heins joined RIM just as the iPhone was released in 2007, and he has seen the company’s market share dive.
RIM’s tablet effort, the Playbook, is barely selling and only when priced below cost. It still somehow does not natively do email.
It is hard not to feel bad for the position this once great company is now in.
Jim Balsillie September 16, 2011
“Is 2011 going to be the year of copycats?”, Apple’s then chief executive rhetorically asked at the March iPad 2 introduction in San Francisco. Really, the title of this article couldn’t be more true. iPad is now stealing market share from Android, climbing from 65.7 percent share to 68.3 percent globally as Android slipped from 34.0 percent to 26.8 percent. HP exited the game, having retired its TouchPad and today lackluster sales of RIM’s PlayBook tablet made the news.
Apple decimated competition so thoroughly that analysts are saying the company can take its time releasing a third-generation iPad. According to J.P. Morgan analyst Mark Moskowitz, Apple should be in “no rush” with iPad 3:
Our latest research continues to indicate that there is no such device slated for production this year. In our view, Apple should be in no rush. The other tablet entrants have stumbled so far, and that trend-line could persist deep into 2012.
He also wasn’t impressed by Sony’s tablet which “lacks the refined, sleek feel of the iPad and its bezel-like back is not user-friendly”. And Research In Motion’s BlackBerry PlayBook tablet? On a downward spiral and probably due for life support. Per RIM’s quarterly filing, they shipped only 200,000 PlayBooks in the quarter, a paltry number compared to Wall Street expectations of 700,000 units. RIM refused to reveal actual sell-through as it is no doubt significantly lower than the sell-in. Ticonderoga analyst Brian White weighs in:
We believe the PlayBook is poised to follow HP’s TouchPad as the next casualty of iPad’s tablet dominance
To put PlayBook sales into perspective, RIM shipped one PlayBook to every 46 iPads. With just 200,000 units, PlayBook may very well be heading to the technology graveyard. BlackBerry phones are also shrinking due to “lower than expected sales for older models”. One fifth of RIM’s stock valuation was wiped out today as a result of poor tablet and smartphone performance. By the way, RIM’s global market share is now dropping to single digits. Did the Waterloo, Ontario company learn a valuable lesson?
Many watchers have written off the PlayBook, but RIM has bigger worries on its mind: Its smartphone business is declining and global market share dropping to single digits. Chart courtesy of Asymco.
Jim Balsillie December 17, 2010
Research In Motion’s in the news today: not only is its iPad-killing PlayBook delayed until around the time iPad 2.0 is expected to ship, but Mac users with a BlackBerry can now download the latest desktop connection kit. Meanwhile the company’s financial results were alright but nothing supercalifragilistic.
By the numbers then: expand full story