The biggest miss-step RIM made was to assume the consumer would put rock solid security ahead of consumer functionality. They did not move in the direction of smart phone apps because they introduced too many security vulnerabilities. However it turned out that the consumer will accept down time and system crashes if there are enough toys. Automobiles don’t have the same tolerance.
bb died because its product got cheap, then it got stale
i worked for verizon wirless in bbs heyday until their collapse to the iphone
apps were not the issue because they didn’t have the hardware to support them
palm went the same way before them
suits just can’t help themselves cutting quality into the ground, refusing to invest in future tech
apple is literally doing the same thing now, it’s just there is no real competitor in quality or innovation atm, only price and control and google just threw apple a huge bone chasing their own walled garden
BB died because they came too late to the App ‘fad’ and stubbornly refused to support independent app development until it was too late and they had already lost.
Their Playbook used the QNX system. Too little too late.
they never had the hardware to support the app
even if they day 1 pivoted to supporting said apps bb had no way to make them feel good
lol no
Following a years-long restructuring effort that included selling 32,000 patents for up to $900 million in 2023, the smartphone pioneer that was once left for dead is showing signs of growth
with that kinda money it could have just sat in the stock market
it made 53 million lololol
With that kind of patent portfolio they could have survived and prospered on licensing fees alone. A pure Friedman company - all income and almost no expenditure, almost pure profit margin. Can’t get more Friedman than that.
yep, for them to have made 900mil means it was likely worth so much more
like selling a discogrophy
something kinda fishy
maybe china spooked them
The patents were probably beyond their best before date.
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What’s rhe value proposition of sitting in the stock market?
Pure Friedman - all income, minimal expenditure - absolute highest profit margin. That was the direction a lot of big American companies took - close down and sell off manufacturing (minimize expenditures), make the profit on portfolios and licensing (maximize income).
That’s not the direction RIM/BB has taken through it’s history.
I mean, it did try outsourcing manufacturing, but as a reactionary and emergency measure, rather than planned one.
RIM/BB was a pure Canadian company. We do things differently up here. If RIM/BB had been sold, it would have been purchased for the patent portfolio, not the manufacturing capability. That is what pretty much happened to Northern Telecom/Nortel assets in the end liquidation.
more than 53 mil from over 900 mil
with enough money 10% is easily safely assured dividends, bonds etc
with the current stupid market 30% would have been pretty easy 3year, my return’s been over 20% with rather conservative target retirement and some large cap
hell 2026 was the first year of profit so two years were not so 53mil profit is like 2% rolling
you can make that in a savings account and spread out that is fdic insured
Yes, but that doesn’t provide any products or services to anybody.
don’t get me wrong i hate the stock market and its vibes and capitalism can eat a dick
my issue was with this obvious hype piece claiming bb is doing well
the market share sounds impressive but it had capitol falling out if its ears and until its numbers are consistent and better i’m sure as shit not investing money in them
Pure Friedman - the goal is not to provide product or services, the goal is to maximize profit. The financialization of business.