RIM Pricing Power With Carriers Slips as Sales Decline
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Research In Motion Ltd.’s pricing power with carriers shows signs of slipping after the BlackBerry maker was forced to cut subscriber service fees as demand for its smartphones in emerging markets slows.
Chief Executive Officer Thorsten Heins, who will introduce the BlackBerry 10 operating system next month, told analysts on a Dec. 20 conference call that RIM faces pressure to reduce fees to “stay relevant in our markets.” The Waterloo, Ontario-based company dropped the most in more than four years on Dec. 21 in Toronto.