Research in Motion has had a lot of bad news lately and today the company that makes the once popular Blackberry smartphones delivered some more bad news. Business Insider reports that during its quarterly financial conference call with investors, RIM's management admitted that the next generation version of the Blackberry, with its next generation operating system, won't be launched until late 2012.
This is a change from previous statements from RIM that the phones would launch in the first quarter of 2012. During the conference call, the company execs said that this new delay has nothing to do with delays in developing the new OS, which recently got a name change to Blackberry 10. Rather, it was due to the fact that it was waiting to get new chips that would add both dual core processors and connections to the faster LTE wireless networks.
This kind of news means that even more customers will likely move to other smartphones from Apple, the various Android-based smartphones (many of which already have dual core chips and LTE support) and even Windows Phone (which could be getting at least LTE support sooner rather than later).
Anyway you look at it, it all adds up to gloomy news for RIM as 2011 is about to end. In fact, CNBC just named RIM co-CEOs Jim Balsillie and Michael Lazaridis as the worst CEOs of 2011. Ouch.