RIM Continues to Tumble in Q3

This Week’s Top Story:

  RIM has another rough quarter with earnings significantly below predictions. The New York Times reported on Thursday that the company’s earnings for Q3 “were $265 million, plunging from $911 million in the same time period last year.” Ouch. Co-Chief Executive Mike Lazaridis and Jim Balsillie will be cutting their cash compensation to $1/year in order to help relieve the company of it’s issues. In the meantime, their 75 million users (and the wider audience of interested techies) await Blackberry 10 (formerly BBX until RIM lost an embarrassing copyright lawsuit a couple of weeks back) handsets, expected to ship in the second half of 2012.

  We’ve seen a lot of bad news coming out of the Canadian-based tech company, including the failure of their Playbook tablet and continued money loss. We can’t help but think that RIM might be in emergency mode at this point, especially as their competition ( iOS and Android devices) grow stronger and continue to produce popular and powerful smartphones.

Newsworthy Tidbits:

  After weeks of speculation and curiosity, HP decided this week that they will keep WebOS on as an open source project.

  The Galaxy Nexus, Android’s newest phone and the first to be shipped with Ice Cream Sandwich, is now available through Verizon Wireless.

  The biggest Apple store yet opened this weekend in Grand Central Station in New York City.

  The Mac App Store surpassed 100 million downloads this week, less than a year after launch.

  Wordpress 3.3 (Sonny) was released this week, with updates to the editing suite and the addition of drag-and-drop media file uploads. The update also allows for Tumblr importing and further compatibility with tablets.

  Apple sold their 1976 founding documents for $1.59 million.

Be on the Lookout:

  Ebay’s PayPal to launch a deals site to rival Groupon based on user buying habits and mobile location.

  Android will be releasing a voice actions update, Majel, to cater to more natural language requests.

  Facebook is looking into dropping mobile ads in March 2012.

  A nationwide in-car mobile ban is being considered as a solution to unsafe driving habits of users operating their mobile device while driving.

  Microsoft is to introduce auto-updates for Internet Explorer upgrades. Woo!