Heins denies RIM is in a 'death spiral'

Heins denies RIM is in a 'death spiral'

Research in Motion CEO Thorsten Heins has denied the business is in a 'death spiral' and claimed it can weather its current challenges.

Last week, the manufacturer announced its first quarterly operating loss in more than seven years, a delay in the launch of its BlackBerry 10 operating system and layoffs of around 5,000 staff.

Heins said the business was under considerable pressure in the US but said sales in other parts of the world remained strong. Speaking on CBC's Metro Morning radio show in Canada, Heins said: 'There's nothing wrong with the company as it exists right now. 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.'

Heins said he disagreed with fears about the company's future, amid competition from Apple and Android devices. He said: 'This company is not ignoring the world out there, nor is it in a death spiral.

'Yes, it is very, very challenged at the moment — specifically in the US market. The way I would describe it: we're in the middle of a transition.'

He added: 'All that is in the making, it's in the works. This company is in the middle of it and I'm positive we will emerge successfully from that transition.'

Editor: Graeme Neill

Written by Mobile Today
Mobile Today


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