I read an article from the New York Times by Ian Austen called “In Setback, RIM Delays Blackberry’s Next Version.” We all know that Blackberry smart phones, iPhones, and Androids are three main smart phones but according to this article iPhone has 73% of the smart phone market. Blackberry has been struggling these past years to make a profit and for the second time they are delaying the production of their Blackberry 10. The first time RIM delayed the production they resulted in a loss of $518 million last quarter. Now analysts are doubting RIM because of them delaying the production once more. RIM has decided to cut 5,000 jobs to reduce their operation costs by $1 billion. They have laid of already 16,500 employees. Because of RIM delaying the release of the Blackberry their revenue has went down 43%. As of right now they need to do something in their company that will result in a profit because their stakeholders are the most worried. RIM’s CEO Thorsten Heins stated that they are delaying the release of the Blackberry because they want the quality to be the best as possible. He also said, “I am confident that the first Blackberry 10 will provide a groundbreaking next-generation smartphone user experience.” I hope his statement is correct for the sake of RIM’s earnings.