RIM, Maker of BlackBerry, Announces its 4Q Results for Fiscal 2012

The news wasn't too surprising as many expected Research in Motion to miss its target amid the sluggish sales of its OS7 devices. That doesn't make the dreaded news easier to swallow. Former RIM Co-CEO Jim Basillie resigns from the Company Board and will effectively leave RIM. Other RIM Executives are retiring or resigning as well.

The worst (or best) news for us BlackBerry users is that RIM will focus on its core strength: The Enterprise User. New RIM CEO Thorsten Heins said the following during a conference call, "We can't succeed being all things to all people." RIM will be weighing options to license some of its software products. If its strategy to right the ship doesn't work, Thorsten said the company will be put up for sale.

This is terrible news considering Apple and Android continue to increase their market and Microsoft is on the verge of making a big splash with the Nokia next month. With Android and Windows Phone both offering LTE options and the rumored iPhone 5 running on LTE, the next generation BlackBerry 10 devices will be the last to the 4G LTE game. The light at the end of this tunnel is that BB10 devices are on track for carrier testing for this summer with release expect late 2012. RIM will be handing out BB10 developer devices to app developers attending BlackBerry Jam at the BlackBerry World conference in early May.

Godspeed, RIM.

READ ABOUT THE 4Q FISCAL EARNINGS REPORT HERE