Does Research In Motion still exist?

Posted on by Author

Does Research In Motion still exist?

WATERLOO, ONTARIO–(Marketwire – Jan. 30, 2013) – Research In Motion (RIM) (NASDAQ:RIMM)(TSX:RIM) has announced that it will now operate around the world under the iconic name BlackBerry, effective immediately.

What happened to RIM BlackBerry?

Blackberry phones are now made by a TCL subsidiary called Blackberry Mobile which has nothing to do with the company which morphed from RIM to Blackberry and now Blackberry Limited. From 50 million units sold in 2011, it only shipped about 700,000 phones in 2017.

What happened to Research in Motion?

Originally known as Research In Motion (RIM), it developed the BlackBerry brand of interactive pagers, smartphones, and tablets. It transitioned to a cybersecurity enterprise software and services company under Chief Executive Officer John S. Chen took over as CEO.

READ:   Why did you choose to study information system?

Are BlackBerry phones still supported?

As another milestone in the BlackBerry journey, we will be taking steps to decommission the legacy services for BlackBerry 7.1 OS and earlier, BlackBerry 10 software, BlackBerry PlayBook OS 2.1 and earlier versions, with an end of life or termination date of January 4, 2022.

Why is BlackBerry still alive?

It seems like BlackBerry still has some fight left in it! After being unceremoniously dumped by TCL following a failed 4-year license agreement, BlackBerry partnered with OnwardMobility, a mobile security company, to work on its upcoming line of smartphones.

A demand had been created, and subscribers to the BlackBerry services continued to grow in leaps and bounds. In 1999, RIM listed on the Nasdaq, raising another US$250 million. The success grabbed the attention of Virginia-based NTP Inc. which filed a lawsuit claiming that RIM’s network infringed on its patents.

Can rim survive to see another BlackBerry smartphone launch?

The stakes are high for the unveiling, which many observers say will determine whether RIM survives to see the launch of another BlackBerry smartphone. It has been a steep decline for RIM, which less than five years ago was the most valuable company in Canada, above Royal Bank (TSX:RY).

READ:   How long is AIT training for the National Guard?

What went wrong with BlackBerry?

BlackBerry sales were soaring, even with the technical problems, with subscriber growth up 70 per cent to 36 million by the end of 2009. RIM’s leaders reassured users that the outages were a fluke and wouldn’t be a reoccurring problem. Despite the setbacks, the BlackBerry image appeared to emerge unscathed.

What happened to RIM’s RIM project?

While the project was a bust with its first partner Cantel, RIM forged ahead. The technology captured the attention and imaginations of an industry, and perhaps most importantly Jim Balsillie, an energetic Harvard graduate who, at the age of 33, invested $250,000 of his own money into the company by re-mortgaging his house.