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RIM turnaround tougher, stock hits 9-year low

 FILE- In this Thursday June 21, 2012, file photo, Tim Neil, Research In Motion Ltd.'s Canadian Operating Director of Operations, Platforms and Tools,...
 In this Monday January 23, 2012, photo, an unidentified person walks past part of the Research in Motion (RIM) campus in Waterloo, Ontario. Strugglin...

Earns Research in Motion

FILE- In this Thursday June 21, 2012, file photo, Tim Neil, Research In Motion Ltd.'s Canadian Operating Director of Operations, Platforms and Tools,...

-Earns-Research in Motion

In this Monday January 23, 2012, photo, an unidentified person walks past part of the Research in Motion (RIM) campus in Waterloo, Ontario. Strugglin...

The maker of the BlackBerry is running out of time.
Research In Motion Ltd.'s stock fell to a nine-year low Friday, a day after the Canadian company said phones running its upcoming BlackBerry 10 operating system won't be available until after the holiday shopping season.
Sales of the once-pioneering BlackBerry phones fell 41 percent in the latest quarter and likely won't pick up again until new phones come out.
By then, it might be too late. When the new BlackBerrys go on sale in the first three months of 2013 _ assuming there won't be yet-another delay _ people will have even more choices, including likely a new iPhone.
RIM's stock fell $1.74, or 19 percent, to close Friday at $7.39. That's the lowest price since September 2003.


Updated : 2021-06-21 15:19 GMT+08:00