Blackberry, Formally known as Research In Motion or RIM for short, were once the dominant force in the mobile device space, controlling the largest share of the enterprise mobile solution market and then moving on to control an almost equally large share of the consumer mobile device market. Until they forgot that they had competition and that the competition were innovating.
So what went wrong.
I dont really know, but I'll throw a few possibilities out there.
They forgot to innovate.
They (share holders/board) did not want to invest in R&D
They didn't want to take any risks.
Apple released the iPhone
They could not adapt quickly enough to the big shift in the mobile space.
Blackberry is a company with no debts, upwards of $3billion in cash and a powerful patent portfolio.
Right now the company is a sinking ship and losing money, business and faith faster than a sinking ship that just hit an iceberg.
In my opinion the only way for Blackberry to be saved would be for them to be acquired.
But lets look at the possibilities:
The current bidder is Fairfax (Prem Watsa), could possibly rescue Blackberry and attempt to get the company back into shape and into the game..
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