I'm sad for RIM... the hate, the credibility, the confidence, the paranoia
The Q2 earnings reaction was so harsh... down 20% or so. Analysts simply hate RIM despite the fact that they continue to make lots of money (albeit, not as much as they used to).
I think there have been a lot of empty promises from Jim and Mike, like the native email, and Android player coming in summer for the Playbook (even Angry Birds was announced to come in the summer and never did). They only shipped 700,000 units since release – it’s not surprising since it’s an incomplete product! It's almost as if they shipped a car with spare tires on (bridge) instead of the real regular straight tires (full PIM). the SDK isn't even out yet either!?? like c'mon...
It's definitely not summer in Canada now. What's going on with RIM's software team? Does the team not clock the extra hours to just get it done?
The announcement that Tablet v2.0 will come AFTER devcon is encouraging, but they need to get it out and get re-reviewed, and released Black Friday at the LATEST. Maybe we will find LTE on it as well, which would be a boost as well.
There's this guy Andy Grove from Intel, he wrote a book called Only the Paranoid Survive. Is RIM even paranoid at all? They certainly don't sound it. But Analysts have drank the Haterade, and certainly investors have as well by evidenced by the massive short selling of the stock. It’s as if there is no sense of urgency at RIM. Perhaps they just need to lower shareholder/analyst expectations and just focus on blowing them out of the water if they want to continue selling all their Curves.
iPhone and Android are just double teaming RIM so hard right now, it's kind of depressing. The Dev's don't seem to care about RIM at all either, there's still no "app for that" yet. Iphone 5 lurking around the corner too, with iMessenger which looks to be a legit competitor to BBM, it’s a scary thought.
I know RIM has moved to make their products on par with the competition with Browser, and UI slickness/smoothness, but they are still way behind in the breadth of apps and being able to provide “an app for that” (which I don't particularly care for) – but consumers don’t even care that they will likely use 15 or less apps in the lifetime of their phone and are seduced by the 400,000 out there. And dev’s don’t even seem to care that RIM has 70M subscribers worldwide either – why? It's an important metric that potential customers now consider when making a smartphone purchase. The Android emulator could save them, but so far, it doesn't look like it can come soon enough.
RIM is also slowly losing its competitive advantages that they’ve had for so long: Security, BBM, battery life too...
For people who are even thinking about upgrading to a smartphone, BB’s aren’t even on their consideration set anymore! This is so depressing.
OK enough crying for me...I can only hope this is temporary, but it's been 4 years since iPhone, and RIM is only starting to catch up (kind of)... and then Android came out of nowhere.... what happened?!
Good thing I don't own stock. Not sure now's a good time to get in either, because I can't see the light at the end of the tunnel yet. it's too big of a bet that QNX will be the saviour.