RIM Outs Q4 2012 Earnings, Jim Balsillie Resigns From Board
Research in Motion is going through some difficult times and the official fourth quarter fiscal numbers for 2012 aren’t that bright either. The company has reported revenues of $4.2 billion which is 19 percent down from the previous quarter. The GAAP net loss is $125 million while BlackBerry device shipments were down 21 percent to 11.1 million units. 500,000 PlayBook units were shipped according to the first report under new CEO Thorsten Heins.
After Research in Motion’s two co-CEOs, Jim Balsillie and Mike Lazaridis, stepped down to leave everything to Thorsten Heins, Jim Balsillie has resigned as a Director on the Company’s Board. “As I complete my retirement from RIM, I’m grateful for this remarkable experience and for the opportunity to have worked with outstanding professionals who helped turn a Canadian idea into a global success”, he said.
These are indeed “difficult times” as CEO Thorsten Heins called them, with “no guarantee of success”. However, the CEO’s vision is to refocus on the company’s enterprise business and stop being “all things to all people”.