NEW YORK: BlackBerry maker Research In Motion warned Tuesday it could report a loss in the current quarter and said it had hired investment firms to study its strategic options.
The move comes with the BlackBerry, which pioneered the smartphone, rapidly losing market share to Apple’s iPhones and devices powered by Google’s Android operating system.
Chief executive Thorsten Heins said RIM “is going through a significant transformation” as it moved towards the launch later this year of the BlackBerry 10, the new platform aimed at competing with Apple and Google.
As a result, “our financial performance will continue to be challenging for the next few quarters. The ongoing competitive environment is impacting our business in the form of lower volumes and highly competitive pricing dynamics in the marketplace, and we expect our first quarter results to reflect this, and likely result in an operating loss for the quarter,” Heins said.