The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Trefis) -- Research in Motion ( RIMM) announced its fiscal year 2012 Q4 earnings on Thursday and as expected, the results were not much to talk about. However, the company's new CEO, Thorstein Heins, showed urgency during the earnings call that was lacking from the founding co-CEOs during the previous such meets. There was no putting a positive spin on things and trying to sound too optimistic in spite of poor results. Instead, he not only acknowledged that there were real problems at RIM that needed to be sorted out but also came up with a list of action items to bring about some much-needed change at the company.
Also, the Blackberry 10 smartphones, which RIM is placing great hopes on, aren't scheduled until the latter half of this year. By that time, Apple will have likely released its next-generation iPhone, a slew of improved versions of Android smartphones will have been launched and the Lumia line of smartphones would have potentially grown in popularity. The addition of a third popular mobile ecosystem in Windows Phone could even further shut the door on the Blackberry OS. However, Windows Phone has a lowly 2% market share currently and if they aren't able to gain much in the next six months, RIM may be able to leverage on its comparatively huge subscriber base to gain more traction. Last quarter saw the launch of the long-awaited update to Playbook, the Playbook 2.0, which in addition to the hefty promotional discounts on offer drove Playbook sales up to 500 million. RIM is looking to build developer support for its BB10 smartphones by not giving up on its Playbooks, since both draw from the same QNX platform. We are in the process of updating our
$16.50 price estimate for RIM, in light of the recent earnings results. Click here to find out how a company's products impact its stock price at Trefis Like our charts? Embed them in your own posts using the Trefis Wordpress Plugin.