The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Wall Street Woes Weigh On RIM

  • Comments Comments (View)
  • Text Size: A A

image Another reason for RIM (NSDQ: RIMM) to keep plugging away hard at the consumer market: the Wall Street meltdown. Some 40,000 workers may end up losing their jobs following Lehman Brother’s collapse and the continuing fallout from the credit crunch, which could mean trouble for mobile handset makers like RIM, Reuters reports. Analysts note that of all the mobile phone makers on the market, RIM is most dependent on Wall Street’s future. In Q2, 40 percent of RIM’s customers came from large corporations. Palm (NSDQ: PALM) and HTC are also in the line of fire. Yesterday, however, RIM’s co-CEO Jim Balsillie, launching the Blackberry in India, said he “did not yet see an adverse impact from a widening global financial crisis,” according to Reuters. Balsillie said RIM was expanding into emerging markets, and that new product launches would help the company grow in the last few months of the year.

Sep 19, 2008 7:52 AM ET

Posted In: Companies, RIM

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

iTunes Songs iTunes Songs
1. We Are Young (feat. Janelle Monáe)
2. Stronger (What Doesn't Kill You)
3. Sexy and I Know It
4. Set Fire to the Rain
5. Turn Me On (feat. Nicki Minaj)
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff