RIM Outlook Bleak With Blackberry Delay
It has been a busy month for the major smartphone makers. If you’re a keen observer of these phone manufacturers, they have set the ball rolling for what could be a smartphone palooza in time for the holiday season. Nokia (NOK) has recently unveiled the new Lumia series. Together with Microsoft (MSFT), the phone will showcase the latest Windows 8 platform in an attempt to woo new and existing smartphone users.
Google (GOOG) also announced a new line-up for its Motorola Razr Phones: the Droid Razr HD, Droid Razr Maxx HD and Droid Razr M. This will be the first device that will go full-in on the Android platform. It will also be the first Razr models with built-in Chrome browsers. It seems that Google is going full force with Motorola as it plans to increase Android market share in the smartphone platform. Meanwhile, the latest high profile announcement came from Apple (AAPL) when it showcased the new iPhone 5. Apple confirmed 2 million pre-orders in 24 hours, more than double with its previous pre-order record of approximately 1 million units of iPhone 4S.
While this seems no-surprise, Research in Motion’s (RIMM) Blackberry is nowhere in sight. RIMM Chief Executive Officer Thorstein Heins announced that it will delay the launch of its next-generation Blackberry phones until next year. Mr. Heins reasoned out the reason for the delay to ensure that the product is completely ready prior to the launch. But, investors did not buy these excuses. To continue reading, click here.