RIM co-CEOs quit

2012-01-23 08:56

Cape Town - Research In Motion's CEOs Mike Lazaridis and Jim Balsillie have resigned, according to reports.

The Guardian reported on Monday that the co-CEOs of the BlackBerry maker have been under significant pressure from investors concerned at the firm's declining US market share.

"There comes a time in the growth of every successful company when the founders recognise the need to pass the baton to new leadership," Lazaridis said.

The company has been under pressure from Android-powered devices which are dominating the smartphones market in developed countries, though BlackBerry continues to show strong growth in countries like South Africa.

Lazaridis and Balsillie built the company into a global player since 1985 and will remain board members.

RIM currently has around 70 million BlackBerry subscribers around the world, but has been accused of missteps including the poor sales of its highly touted BlackBerry PlayBook, which failed to make an impact against the highly successful Apple iPad.

RIM has been fighting market analysts' predictions saying the company was on the decline.

"We're in the fastest growing segment in the fastest growing industry, we have 70 million subscribers; we continue to show growth quarter after quarter," Robert Bose RIM managing director for Benelux, Central Europe and Africa told News24 recently.

The company has also launched the BlackBerry 7 operating system which received the evaluation assurance level 4+ for new devices.

"Security is one of the most important considerations for enterprise customers and we are proud that BlackBerry 7 OS has earned this rigorous certification," said Scott Totzke, Senior Vice President, BlackBerry Security at RIM.

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  • Huey - 2012-01-23 09:37

    When will Vodacom release OS7.1 in SA? Has anybody heard? It's been out in the US for over 2 weeks now.

      Pyrokinetix - 2012-01-23 10:10

      MTN still also hasn't released it, and we are stuck with the poor battery life, which is apparently fixed by the update.

  • ludlowdj - 2012-01-23 09:42

    Typical corporate culture, sales based on the fallacy that supply and demand are inexhaustible commodities, and shareholders who don't understand anything other than a profit. Blackberry has had some serious challengers and is still trying to overcome governments dislike of their encryption system. any loss in sales is driven by governments who are not happy about not being able to simply log into the system whenever they want to monitor someone, the rule of law and then need for warrants etc simply just being to much work.

  • Vaughan - 2012-01-23 09:47

    Anyone who still uses Blackberry needs their head read...

      E=MC2 - 2012-01-23 10:09

      let me guess... iPhone user? :)

      Craig - 2012-01-23 10:13


      NeoAcheron - 2012-01-23 10:22

      Agreed. There are a few reasons why people are switching to Android based devices. Sure they don't have BBM or BIS, but they have so much more, which includes encrypted phone calls, full Facebook integration, WhatsApp for IM, turn by turn GPS sat nav with Google Maps, Google Docs for editing documents and spreadsheets, DLNA video and audio streaming over WiFi, YouTube, full VoIP support over 3G and WiFi, awesome games, a Grooveshark application, Adobe Flash within your browser, Adobe PDF reader and eBook readers like Kobo and Zinio, Skype with video calling if the phone has a front facing camera, and that is just naming a few things that Android can do. Sure some of these things need a seperate app, but all of these mentioned above are FREE on the app market... Why people are still stuck with their BB's, just boggles my mind.

      Bryn - 2012-01-23 10:22

      I agree. Worst hardware and OS ever. There's a reason they're losing so much marketshare. It seems South Africans only care about BBM though...

      phillip.havenga - 2012-01-23 17:05

      Vaughan I have to strongly disagree with you, I use a Blackberry as my main phone and I have a Galaxy Tab, I don't find Android as amazing as everyone makes out I also don't see the craze behind the iPhone. It comes down to personal preference and fortunately we aren't mindless drones that just follow everyone else as we have our own preferences.

  • cupcake - 2012-01-23 11:17

    apple won, sorry, android is next to follow...

      NeoAcheron - 2012-01-23 12:00

      Then explain to me why 3 weeks ago they recorded 700,000 Android device activations PER DAY!?

      Travis - 2012-01-23 16:27

      Cupcake is the name of one of the Android OS's LOL ....FAIL. Not to mention that was a very inaccurate statement.

      phillip.havenga - 2012-01-23 17:07

      cupcake the battle is far from over, also you seem to be very confused, Apple is a manufacturer with one phone, Android is an OS supported by many different manufacturers.

  • Leslie - 2012-01-23 11:43

    im also getting bored of my blackberry

  • Sharmilen - 2012-01-23 15:12

    If an iPhone works for you then every piece of technology on this earth something will go wrong!!!! Nobody is forcing anyone to use Blackberry''s your choice!!!

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