The bad news for BlackBerry smartphone maker Research in Motion (RIM) shows no sign of easing up as the company has announced that it will be delaying the release of its upcoming Blackberry 10 operating system until next year.
Sky News reports that the new operating system has been deemed critical for the success or ultimate failure of the struggling smartphone manufacturer.
RIM CEO Thorsten Heins explains that the delay of BlackBerry 10 is due to an unrealistic timetable that was originally planned out. He comments that, “I will not deliver a product to the market that is not ready to meet the needs of our customers. There will be no compromise on this issue.”
However, that’s not all. The company will be cutting 5, 000 jobs as part of its “major restructuring” plan to decrease its annual costs by up to $1 billion this year.
Both decisions follow the company’s announcement of poor financial first quarter results, that not even analysts had expected. Sales of BlackBerry devices fell 43% to $2.8 billion with a total loss of $518 million.
RIM also mentioned that it shipped 7.8 million BlackBerry phones in the three months to the end of May compared with 14 million just six months ago.
However, while RIM continues to loose market share to Android and iOS powered devices globally, the smartphone has been voted as “The Coolest Brand” in South Africa with its use continuing to increase in the country according to research conducted by InMobi.