Canada Day is one of my favorite holidays. I love to travel but it gives me great pleasure to always return to Canada.
RIM (Research in Motion) produced some UGLY numbers:
[quote]Expecting a loss of seven cents per share—already a steep fall from last year when the Waterloo-based BlackBerry maker posted earnings of $1.33 per share—RIM actually posted an adjusted loss of 37 cents per share.[/quote]
The mayor of Waterloo, said “every single Canadian” should be looking for ways to support Research In Motion.
According to new data from Toronto analytics firm Solutions Research, just 12% of Canadians under 24 plan to make a BlackBerry their next smartphone.
That number was more than 30% just one year ago, signalling a shockingly rapid shift in how youth perceive RIM’s devices.
On a personal note, I have owned RIM in the past and did well with this stock. I sold it at various times and it is unfortunate that this large company is not doing as well as it did in previous years.
I don’t think the answer is solely to support Canadian companies always.
Personally, I don’t know anyone that owns a Blackberry anymore (that is not using it for work).
Does not buying a blackberry make me a bad canadian? (Disclosure: I have an iPad 2).