Last week when Research In Motion (RIM) reported its troubling Q1 2012 results and confirmed that BB10 would be delayed and 5,000 jobs would be lost, many thought the company was up the creek without a paddle. However, RIM CEO Thorsten Heins doesn't think so.
In an interview today with CBC Radio, Heins was quoted as saying "There's nothing wrong with the company as it exists right now.
"I'm not talking about the company as I, kind of, took it over six months ago," he continued. "I'm talking about the company [in the] state that it's in now."
Heins also went on to say that he doesn't think the delay of BlackBerry 10 smartphones will irreparably harm his company's future, or that RIM is "in a death spiral."
He did admit, however, that RIM is facing many challenges at the moment, especially in the U.S. market, but believes that the company is in the "middle of a transition" and will "emerge successfully from it."
Apart from the BB10 delay and 5,000 planned job cuts, RIM announced that it had experienced a US$518 million GAAP loss for the quarter ended June 2, 2012.
What do you think? Can RIM make a comeback, or is it all downhill from here?