Is it just me, or is Nokia and RIM in a race to be the first ones to be gone! You would think that each company has the Three Stooges running each company. Wouldn’t Helen Keller (if she were a live) do a better job understanding the mobile market and running either or both companies than the current management!
Blackberry 10 (QNX) is over 2 years delayed and then RIM make this announcement when they gave their dismal/horrible earning report:
http://www.nytimes.com/2012/06/29/technology/blackberry-maker-rim-posts-518-million-loss.html
This means that there will be 2 MORE disastrous quarterly earnings reports (September & December) from RIM before the new Blackberry 10 is released. They will completely miss both 2012 back-to-school and holiday seasons.
Now Nokia released their horrible quarterly earnings report:
http://online.wsj.com/article_email/SB10001424052702304388004577531002591315494-lMyQjAxMTAyMDEwODExNDgyWj.html
Nokia will have AT LEAST one more horrible earnings report (October) and if they do not launch a phone with Windows Phone 8 before Christmas then it will be 2 horrible earnings reports.
Both companies are burning cash to stay alive while their sales are falling off a cliff. This is the strangest “dual” death spiral that I have ever seen.
I am pretty sure that both Apple (iOS) and Android makers (i.e. Samsung, Motorola, etc.) are smiling with glee and rubbing their hands together for all the money they are making and will be making.
Regards,
Roger Lacroix
Capitalware Inc.
