BlackBerry Bosses Silent On New Launches

On a day when its rival Apple slipped more than four per cent on the market after a poor review of iPhone 4, BlackBerry maker Research In Motion (RIM) made no new bold announcements at its annual shareholders' meeting Tuesday.

In the meeting which took place in the backdrop of Apple's woes after Consumer Reports magazine reported that the iPhone 4 suffers signal losses when held in certain positions, BlackBerry bosses didn't unveil new launches.

They kept quiet on the rumoured touchscreen phone with a sliding keyboard, and a new Internet browser. They also didn't say anything about theBlackBerry tablet to compete with Apple's iPad.

Addressing shareholders, investors and about 300 RIM executives at the Centre for International Governance Innovation near RIM headquarters in Waterloo near Toronto, co-CEOs Jim Balsillie and Mike Lazaridis instead highlighted their accomplishments during the last financial year when RIM's revenue rose 35 percent and subscription base 64 percent globally.

As the BlackBerry faces tough competition from Apples' iPhone and Google Android-powered devices, Balsillie claimed that his smart phone was still the favourite among Twitter users.

The company's BlackBerry Messenger software was the toast of the evening, with new television commercials highlighting the software for its better network efficiency against competition.

Published Date: Jul 15, 2010 03:20 pm | Updated Date: Jul 15, 2010 03:20 pm