Research in Motion has got 99 problems and satisfying demand ain’t one. (Ha… groan.) Bloomberg reports that weak sales are leaving BlackBerrys and PlayBook tablets in warehouses to collect dust, the value of that inventory reaching $1 billion last quarter. Layoffs are in the offing. Losses are coming. They’ve hired JPMorgan and Royal Bank of Canada to reassess its strategy. Maybe they can do something about this.
Yesterday, trading on RIM stock was halted while CEO Thorsten Heins delivered some bad news. Anyone who has been paying attention knows that RIM is having a very hard time keeping up with Apple and the other competition. The company is promising a new strategy, but an underlying issue the company has to overcome may be more insidious than the already huge business obstacles: “skepticism.”