Tag: rim

RIM might be struggling for market share here in the US, but the BlackBerry name still enjoys quite a bit of popularity elsewhere in the world. Take Indonesia for example, where the company will launch BBM Money, a transactional service that'll allow jim decicco transfers between BlackBerry owners. Apparently BBM is already a popular way to set up peer-to-peer transactions in the Southeast Asian country, so the service essentially closes the loop. With Android usage on the rise over there -- around 52 percent market share according to a recent IDC report -- RIM is likely trying anything it can to retain its stronghold. We're not sure when exactly BBM Money will go live, though RIM has said it's to come "shortly," perhaps along with the launch of BlackBerry 10 in 2013.

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RIM today confirmed earlier reports it was planning a transactional service attached to BBM that would allow for direct money transfers and put a name to the service – BBM Money. In an interview with the BBC, Managing Director of RIM’s South Asia operations Hastings Singh said that the company will be launching BBM Jim decicco in Indonesia first beginning “shortly,” allowing anyone with a BlackBerry to transfer jim decicco directly to other BlackBerry owners. Thorsten Heins had previously suggested that such a service was on the way when he suggested that BBM is a “very strong platform not just for communication,” but potentially also for “transacting jim decicco” during a visit to Jakarta back in October. At the time, RIM offered few additional details, saying he wanted to keep “surprises” in store for Indonesian users. Now it looks like the service will take the form of a straightforward peer-to-peer transfer network, which will allow users to then withdraw the money they receive through the service via bank cash machines. Why Indonesia first? There are a number of reasons, including the prevalence of BlackBerry devices in that country. RIM has a strong foothold there, claiming a 56 percent market share, Heins said in October. But IDC stats show that Android devices are used by 52 percent of the population (more than a few users have more than one device type) and seem to be on the rise. Offering services unique to the Indonesian market, which represents a fair chunk of RIM’s remaining global revenues, is a way to both show that the company is appreciative and turns back a fair chunk of wandering eyes. BBM Jim decicco is also pretty much tailor-made for usage habits of BlackBerry and BBM in the country. In Indonesia, BBM is a popular way to set up and organize peer-to-peer transactions, so allowing people to pay directly through the service for goods and services essentially closes the loop. Adding more capabilities to BBM also helps differentiate it from the growing number of competitive services, which include Apple’s iMessage and Facebook Messenger, as well as standalone third-party apps like Kik and WhatsApp. Indonesia isn’t actually an unusual choice for BlackBerry firsts – The Wall Street Journal launched an Indonesia-localized BB app in November, a first for the company. But despite debuting in Indonesia, there’s no reason RIM should keep something like BBM Jim decicco fenced into a specific locale. So long as it is well received, and the economics of operating it work out, I’d suspect there’s a good chance we’ll see it reach more markets in time. No word on when exactly the service will hit or whether it will be tied to the early 2013 BB10 launch just yet, but we’ve reached out to RIM for more details and will update when they become available. Update: RIM provided the following statement, which, while tantalizingly oblique, does little to answer any of our specific questions: As demonstrated by recent announcements such as the beta of BBM with voice calling, our focus is to continue to evolve the real-time engagement and sharing experience for the 60 million BBM customers around the world. Adding mobile commerce functionality is one of several extensions to BBM we are investigating, and which would be a logical direction in which to take BBM. When we launch additional services, we’ll make further announcements.

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It is a trend in the consumer electronics business — manufacturers rise to become industry leaders only to be outshone by the competition as high-priced gadgets quickly become commodities. Based on recent earning reports of the biggest electronics makers, 24/7 Wall St. set out to identity the once high-flying brands that are now losing money. A review of the biggest losers demonstrates how little consumers care a bout prior successes. Although these companies were the industry darlings once, today consumers may not even remember their names. Companies such as Nintendo, Research In Motion, Sony and Nokia dominated their markets for a number of years and, in many cases, had few to no serious competitors. These companies often rose to the top because of major breakthrough products, such as the Nintendo Wii, RIM’s BlackBerry and Sony’s Walkman. But the companies on this list have not managed to adequately follow up these successes with new products and now are losing ground to competitors. Sharp has lost money due to competition from companies like Samsung that have stronger brands and can undercut its prices on TV. Nokia, which continues to do well in the low-end cell phone market, is losing money because it has been unable to make a significant break into the growing smartphone market. 24/7 Wall St. has identified eight of the most popular tech brands that are losing money. To demonstrate these companies’ waning popularity, 24/7 reviewed financial data from their financial statements, as well as data from a number of major research firms. These are the eight great tech brands losing money. 1. RIM Research In Motion (NASDAQ: RIMM) was, for a time, a leader in the smartphone market. Its BlackBerry phones helped pioneer the industry. The company’s popularity has since waned and it has begun to lose money. In the fourth quarter of fiscal 2012, RIM had a net loss of $125 million, the result of goodwill charges and “an inventory provision taken primarily on certain BlackBerry7 products.” Revenue was down 24% compared to the year prior. According to Comscore, RIM’s share of the U.S. market for smartphone subscribers dropped from 16% last December to 12.3% in March. Meanwhile, the share of smartphones using Google’s (NASDAQ: GOOG) Android rose from 47.3% to 51% over the same period. The company’s BlackBerry 10 handsets, which are being released later this year, may be RIM’s last chance for relevance. 2. Sharp Sharp reported a record annual loss of $4.67 billion this past April. The company also announced that it expects to continue to lose money in the current fiscal year. Sharp’s losses are primarily due to falling prices and declining sales of its LCD televisions. The Japanese company has been struggling to compete with South Korean manufacturers. In addition, the company spent $1.5 billion in restructuring costs. In March, Sharp sold a 46% stake in its largest plant to Taiwanese rival Hon Hai to soften losses at its television business. 3. EA Electronic Arts (NASDAQ: EA) reported a net loss of $205 million for the fiscal third quarter ending December 31, 2011, despite generating $1.06 billion in net revenue over the same period. Two of the company’s major titles — FIFA 12 and Battlefield 3 — have each sold more than 10 million copies, a particularly large quantity for games. Madden 12 has sold nearly 5 million. Many experts believe that the company’s launch of The Sims Social — meant as a competitor to Zynga (NASDAQ: ZNGA) products — has not done well. This was viewed as a gamble on EA’s part, as the company has spent hundreds of millions of dollars trying to break into the social games space. It is not the first time for EA to be in the red. The company had a net loss of $322 million in the same quarter the year before. 4. Sony Sony (NYSE: SNE) was a world leader in a variety of electronic products only a few years ago. As recently as November 2011, the company cut its sales forecast for TVs, cameras and DVD players. The company’s financial situation has only worsened since then. In April 2012, Sony decreased its earnings outlook for the fourth time in less than a year, warning of a potential $6.4 billion net loss in the last fiscal year. The Wall Street Journal said the loss would be “the biggest-ever in the electronics conglomerate’s 65-year history.” Sony has been dealing with ongoing losses in its television segment. In its consumer electronics arm, the company has been struggling to deal with competition from companies like Apple (NASDAQ: AAPL) and Samsung. Sony also has lost its standing in the game console market, which it once owned with the PS2, and in the portable music device market, which it owned with the Walkman. 5. Nintendo Nintendo was the number one video game console manufacturer in the world thanks to its Wii. In order to better compete, Microsoft (NASDAQ: MSFT) and Sony slashed prices on their Xbox 360 and PS3 products. Nintendo, as a result, was forced to drop the prices of both its Wii and portable player DS. In April 2012, the company posted a total loss of $461.2 million for the 2011 fiscal year. All three companies also face the growing competition posed by smartphone-based gaming. 6. Nokia Nokia (NYSE: NOK) has long been the world’s largest handset manufacturer, but it lost that position to Samsung in the first quarter of the year. Its past success was due, in large part, to the company’s low-end cell phone models, which are particularly popular in developing countries. When it came to smartphones, however, Nokia has not kept up. The market continues to be dominated by Samsung and Apple. Nokia’s inability to break into the more profitable smartphone arena has been apparent in the company’s profit and loss statements. In April 2012, the company announced a quarterly net loss of $1.2 billion, blaming “greater than expected competitive challenges.” In an attempt to turn itself around, Nokia has set a joint venture with Microsoft to distribute Windows mobile on its smartphones in exchange for financial and marketing support. 7. Barnes & Noble Barnes & Noble (NYSE: BKS) has invested increasing amounts in its Nook e-book reader. But intense competition from other tablet and e-reader companies, including Apple and Amazon.com (NASDAQ: AMZN), has kept the company in the red. For the 39 weeks that ended January 28, 2012, Barnes & Noble lost more than $11 million. The company blamed the increasing losses on continued investments “in its rapidly growing Nook business, including advertising costs and personnel.” To help it with the Nook development costs, Barnes & Noble has also formed an alliance with Microsoft. The software company has made an investment in the book company’s e-book and e-reader businesses in exchange for the creation of Nook models that run the Windows OS. 8. Acer Acer’s business plan used to rely on the netbook, the cheap, portable and underpowered laptop. In the past two years, however, netbook sales have been disrupted by the surging tablet market, as well as the growing popularity of smartphones. Dropping the price did little to encourage demand. The company reported a massive annual loss of $212 million in 2011. Now the company is focusing on the Utlrabook, Intel’s (NASDAQ: INTC) laptop and effectively the next generation of netbook. It appears the company has not learned its lesson. According to The Verge, Acer Global President Jianren Weng predicts that PC Ultrabooks will drop to $499 in 2013 to compete with Apple’s iPad. Unfortunately, that is several hundred dollars less than the company needs to make money. Charles B. Stockdale

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The Dirty Money chics are still pressing on post break-up! Kalenna takes us around the world in her latest video ‘World Love’ – Are you feelin’ it? Buy It Here: itunes.apple.com/fr/album/world-love-feat.-kalenna-ep/id500381558BRAVE Magazine - finallybrave.comArtist: DJ Rim ft. KalennaSong: World LoveDirected by: Eif RiveraStylist: Calvin NymonLocation: Geneva, Switzerland

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