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NEW YORK (

TheStreet

) -

Research in Motion's

(RIMM)

problems are mounting, as evidenced by its weaker-than-anticipated

first-quarter results

, fueling further speculation about the company's future.

Already rocked by delayed product launches and fierce competition from

Apple's

(AAPL) - Get Apple Inc. Report

iPhone and

Google's

(GOOG) - Get Alphabet Inc. Class C Report

Android operating system, RIM gave already beleaguered investors little to cheer about with its latest quarterly results.

RIM shares plunged following its first-quarter results.

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In addition to its miserable numbers, RIM pushed back the launch of its already-delayed BlackBerry 10 and announced plans to lay off 5,000 employees, roughly 30% of its workforce. Investors balked at the news, sending the company's stock plummeting.

RIM shares are down almost 50% this year.

Inevitably, big questions are now being asked about the company's

ability to survive

despite CEO Thorsten Heins' confidence in the long-awaited BlackBerry 10.

There has already been

chatter

, for example, that a vulnerable RIM could make an attractive target for a host of companies, including

Microsoft

(MSFT) - Get Microsoft Corporation Report

,

Amazon

(AMZN) - Get Amazon.com, Inc. Report

,

Nokia

(NOK) - Get Nokia Oyj Report

,

HTC

,

Samsung

and even

Facebook

(FB) - Get Meta Platforms Inc. Class A Report

.

The next few months will certainly be crucial for RIM, which recently hired

JPMorgan Chase

and

Royal Bank of Canada

to assist with a strategic review of options.

Take our poll and tell us what you think RIM's strategy should be.

--

Written by James Rogers in New York

.

Follow @jamesjrogers

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