RIM CEO: We're not in a death spiral

After a disastrous earnings call that revealed that BlackBerry 10 would be delayed to the first quarter of next year, and the announcement that 5,000 further jobs would be cut from the company, things definitely weren't look good for RIM. The current CEO, Thorsten Heins, has taken to the airwaves to say that there's absolutely nothing wrong with the company, and that it isn't "in a death spiral."

Heins appeared as a guest on a local Toronto radio show, CBC's Metro Morning. In an interview, he stated that "there's nothing wrong with the company as it exists right now," specifically talking about the current state of RIM. Heins went on to deny that the company was in trouble due to a delayed BlackBerry 10 launch, yet recognizes the challenges of the current smartphone market.

"Yes, it is very, very challenged at the moment – specifically in the U.S. market. The way I would describe it: we're in the middle of a transition." Heins believes that RIM will emerge successfully from the current transition. That's hard to believe considering the fierce competition the company will be facing from iOS, Android, and Windows Phone, but maybe the company really can pull off a miracle.

RIM revealed last week that it had made a loss of $518 million for its latest financial quarter, and announced that BlackBerry 10 would be delayed until the first quarter of 2013. Reports have indicated that RIM is planning to launch two BlackBerry 10 handsets early next year, one codenamed London and the other Nevada. The first is said to feature a full touchscreen, while the other will have a portrait QWERTY keyboard.

[via Reuters]