TECH: RIM Collapsing? BlackBerry Maker Loses Third of Revenues, Halts Trading
Canadian tech giant Research in Motion, the beleaguered maker of BlackBerry phones and tablets, suffered what was arguably its worst hit yet Thursday.
The company revealed that its share of the global smartphone market had dropped by half in the first quarter. As a result, sales were down a stunning 43% on the previous quarter — a loss per share of 28 cents.
To get itself back on track, the company says it has to save a billion dollars by slashing around 5,000 employees.
WHat do you think. Is this the end of Blackberry?