Data Management

11:55 AM
Melanie Rodier
Melanie Rodier
Commentary
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

BlackBerry: From Wall Street Staple To A Relic Of The Past?

Some analysts believe RIM's next earnings report, due Thursday, could spell the end of an era.

Until recently, you probably couldn’t name a Wall Street executive who could go a few minutes without tapping away on his BlackBerry. Today, it seems the BlackBerry could go the way of floppy disks.

On Thursday, Research In Motion, the maker of BlackBerry, will be releasing what could be its most important quarterly earnings in its history. The company, co-founded by wireless visionary Mike Lazaridis, has struggled to compete with Apple’s iPhone and Google’s Android, and hired a new CEO in January. Some believe tomorrow’s report could mark the beginning of the end.

When I interviewed Lazaridis last year, he said he had always braced himself for the rise of BlackBerry’s competitors. RIM " believed very strongly that the industry would move very quickly to smartphones. We're at the center of a tornado," he noted.

[For more on Mike Lazaridis's thoughts on the BlackBerry and what could be the next big thing Mike Lazaridis: Wireless Visionary .]

But now, the tornado seems to have almost blown RIM away. Analysts say the BlackBerry 7 smartphones are aging rapidly and the company’s attempt to make inroads in the tablet market with the PlayBook have stumbled. RIM is also facing a potential class action lawsuit in Canada after a global service outage last October, which temporarily shut down the firm’s email, messaging and web service across the world. The outlook for the company seems bleak.

But while many analysts aren't convinced RIM has turned itself around, others say the BlackBerry might not be doomed yet, according to this MarketPlace Morning report.

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio
Comment  | 
Print  | 
More Insights
More Commentary
Interactive Data Launches Continuous Fixed Income Pricing Service
Independent intra-day FI pricing is helping to shine light on the opaque fixed income market.
Gartner: 75% of Mobile Apps Will Fail Security Tests Through 2015
The rise of BYOD means enterprises must implement security testing and containment solutions, according to new Gartner research.
Chip & Pain, EMV Will Not Solve Payment Card Fraud
Switching to EMV cards will lower retail fraud, but it's not enough. Here's the good, the bad, and the ugly.
With UCITS V, $9T Isnít as Easy as It Used to Be
With UCITS V's restrictive remuneration rules and hidden costs, going global may get a little less attractive.
Banks to Increase IT Spend on Big Data Challenges, Finds Aite Report
Big data has presented the greatest challenges and dissatisfaction for banks, yet it is the most likely to see upward spending in the next two years.
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
5 Things to Look For Before Accepting Terms & Conditions
5 Things to Look For Before Accepting Terms & Conditions
Is your corporate data at risk? Before uploading sensitive information to cloud services be sure to review these terms.