RIM India CEO Resigns – Is This A Beginning of The End ?

Must Read

Net Worth Of Jeff Bezos Is More Than Combined Net Worth of India’s Top 10 Richest People!

Jeff Bezos and the phrase 'World's Richest Person' has become synonym to each other. But after the...

Search Engine Optimization In Digital Era: Look Beyond Traffic

Search engine optimization, aka SEO, plays a vital role in today's online world, especially if it's about...

After Banning Apps, India To Clamp Down On Startup Investments From China

The recent border conflict between India and China has led to the Indian Government to actively take...

Research In Motion (RIM) has faced another jolt after facing tough time in the market. RIM India CEO, Frenny Bawa, has reportedly resigned from his post; Unfortunately, her resignation came at the time when RIM is already impediment due to global outrage – happened last month – and company needs her service, especially in India, Middle East and Africa.

Undoubtedly, RIM is going through rough patches; account books are not showing any positive numbers, market share is plunging due to Android and Apple iOS and the overall company is worth less than its net value of property, patent and other assets.

A decade ago, the company revolutionized the world with highly secured Smartphone communication service. But in present, intense competition made company to move down hills and market share is in stake. By the End of August 27, RIM reported decline in its net income nearly 59 % – equivalent to $329 million. The stock has already dropped 67% this year, cutting RIM’s market value to $9.91 billion. Even, in US, RIM’s market share has declined from 24 % to 9% after Q3 report this year.

Advertisements

After the resignation of Ms. Bawa, company’s spokesperson told that she has incredibly served the company from 2004 and promoted RIM in Middle East, Africa and most recently, India. Prior to RIM Ms Bawa has served TELUS- a leading national telecommunication Company in Canada. After joining RIM, Ms. Bawa headed company’s operations in India and also oversaw business and its development in Middle East and Africa.

When RIM heard the tough tune from Indian Government over its data security issue, Ms. Bawa successfully managed to handle the situation. Infact, despite of all such challenges, she has recovered the business and number of subscribers increased to approx one million against 70 million globally. She had established the company in such market where domination of low cost mobile phones is quite high.

Dissatisfaction arose last month, when number of  Blackberry users faced problems in accessing e-mail, messenger and other online services for three days due to core Switch failure. This made many many corporate users to start distancing with Blackberry and company went into damage control mode by offering $100 worth mobile app – which failed to lure customers. Android and Apple have been progressed at the cost of Blackberry.

The actual reason behind Ms Bawa departure is not clear yeat, but it is being anticipated that company’s constant decline market share and possible buyout with Vodafone could be the main reason which made her to explore the other options.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

How People Set Their Passwords: 123456 Is The Most Common One [STUDY]

Do you know why hackers quickly gain access to your system or online accounts? 

Will The Ban On TikTok Be Revoked?

The ban on TikTok is the talk of the town. All hell broke loose for Tiktok when the popular short-form video platform...

Global 5G Chipset Market: $22.41 Billion By 2026, Driven by 5G Smartphones

As the world has started shifting from 4G to 5G era, the global 5G chipset market has started attracting the eyeballs of...

Launch Of JioMeet Will Make Zoom To Be The 60th Chinese App To Get Banned In India?

Today as soon as the launch of JioMeet was formally announced by Mukesh Ambani, the frontman of Reliance Industries, people quickly found...

Intel Invest in Jio Platforms: A Chance For Redemption In The Smartphone Market?

If you thought Mukesh Ambani was finally going to stop the stake selling spree in Jio Platforms after RIL was recently announced...

With The Launch of JioMeet Reliance Sets Its Eyes On Video Conferencing Market!

The race to dominate the video conferencing market has just become more interesting. As we are going through the...

In-Depth: Dprime

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

Fantastic 4: Four Day Work Week A Flashpoint Of Innovation?

It has been an idea that has been mooted by many, perhaps also somewhat sceptically. From being a dark horse to becoming...

TikTok Is Facing The Wrath Of People Who Love It The Most

Ever since the popular social media app TikTok entered India, it has been growing very aggressively in terms of users. Within a...

More Articles Like This