TORONTO: A candid diagnosis of the troubles facing Research In Motion (RIM) delivered by freshman chief executive Thorsten Heins was a welcome change for its stakeholders. But his prescription for returning the BlackBerry maker to health might be hard to swallow.
RIM recorded its first quarterly loss in seven years last week and said it would no longer issue financial forecasts. A prolonged slump in sales of its smartphones shows no signs of abating, it said, at least until it can launch its next-generation line-up later this year.
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