Uh oh. More bad news for BB? Plastic Mobile ponders RIM’s future…

This week RIM announced that CEOs Jim Balsillie and Mike Lazaridis will step down from their positions, though they will maintain majority of their shares and stay on as board members.

Thorsten Heins will take on the daunting role as RIM’s new CEO. In spite of seriously declining share prices, Heins has signalled that he will largely stay the course set by Balsillie and Lazaridis.

In a Star interview, Heins notes that RIM is still a solid financial performer and that it is the number one smartphone in many countries outside of the US. He goes on to say the their problem isn’t technology, it is in their communications and that is where they need to focus their efforts. “The perception just doesn’t match the reality,” Heins told the Star. “We’ve got $1.5 billion in the bank, and virtually no debt. We’ve also got a 75 million subscriber base.”

Regardless of this assurance, shares dropped even further after the announcement of the RIM pioneers’ resignation. Ugh. Sorry RIM, we can’t help but think the future looks grim.

What do you think? Will Heins be able to pull RIM out of its US despair? Tweet us with your thoughts @plasticmobile.

Today was a big day at Plastic. The Marketing Intern brought in homemade chocolate chips cookies so we were all on a major sugar high for the launch of “ETF Central,” our latest app that was created in partnership with Claymore Investments, a subsidiary of Guggenheim Funds Services Group, Inc.

Because a part of our mandate is to pioneer innovative products and solutions that allow the financial industry to expand into the mobile space, we wanted to be sure that ETF (Exchange-traded Funds) Central met all of the user needs, in an engaging and easy-to-use format.

So, employing both tech and creative wizardry (our magical formula for super apps) we created a sophisticated tool that sets the bar for excellence in the financial space. Voila! ETF Central. A new, free, customized, dual-purpose mobile app available on BlackBerry, PlayBook, iPhone and iPad.

ETF Central satisfies both the need to better educate users unfamiliar with the relatively new exchange-traded funds, as well as allows them to manage their ETF investments easily and conveniently. The app puts all Canadian-listed ETFs into the user’s palm, allowing them to view market prices of all TSX listed ETFs, create and track their ETF portfolio, view ETF educational resources, link to all online brokerages to trade ETFs, track upcoming ETF events and more. Ultimately, it’s a pretty outstanding financial gadget.

The leading force behind the app creation, and our very own “Queen of Apps,” Melody Adhami was excited to launch ETF Central as ETFs represent a sizable industry, but public awareness about them has been limited. She and our team here at Plastic Mobile set out to create a tool that would both educate and manage ETFs for the average user/investor. To read the full media release, click here.

In the news:

Advisor

Investment Executive News

CNW News

Digital Journal

This week, the Internet marketing research giant and data specialist, comScore, released its MobiLens service data, revealing key trends in the Canadian smartphone industry. As of September 2011, eight million Canadians owned smartphones – a figure representing 40% of the total mobile market in Canada. The highly anticipated data reveals that the Canadian smartphone adoption rates are increasing aggressively; with a seven per cent increase in just the past six months! One surprising fact to come out of the comScore data was that RIM still leads the pack with a 35.8% market share, albeit, followed closely by Apple’s 30.1%. Also, although Google’s Android is sitting in the number three spot with only 25%, it is important to note that Android has doubled its market share during the last six months; corresponding fluidly with the global surge in Android device purchases within the past few months. (FYI: Android gobbled up more than half of all global smartphones sales in Q3 alone!) The dying fossil Symbian is ranked at the fourth spot, with 4.2%, followed by the new kid on the block, Microsoft (at 3.2%).

In terms of content use, it seems Canadians are using the phones to consume a very wide and diverse range of content and information, and of course to no surprise, the smartphone users are outdoing the feature-phone users in every form and aspect of mobile content consumption, as shown in the chart below.  With such a fast pace of smartphone adoption and such diverse and broad range of smartphone use, the Canadian market is shaping to be the perfect place for businesses to embrace mobile technology and provide the added comfort and value that the Canadian consumers are soon going to automatically expect.  Instead of waiting for mobile access to become a mainstream consumer service before you invest the necessary resources, which you will inevitably have to do, we suggest hopping on the mobile train in its relative infancy, and taking advantage of its current indie and avant-garde profile to garner some serious respect and up your street cred, or as we say in the marketing world “gain some competitive advantage by becoming and early adopter.”  For being so forward thinking.

The buzz continued to circulate over the weekend about RIM’s future in the mobile space. Research In Motion Inc. is currently meeting with a stock price that values the company at less than the by and large regard of its assets. After myriad product delays and an international three-day service outage, RIM’s stock price has fallen more than 68% this year and was trading this morning at about $18.61 per share.

However, two weeks back an article in the Los Angeles Times suggested that, although the faster iPhones and Android devices have been raking in market share from Research in Motion’s once-addictive and adroitly nick-named “CrackBerry,” analysts and executives are not ready to count the smartphone out just yet.

Further commentary over the weekend seemed to imply the that upcoming BBX operating logic, which will run on a new line of RIM’s BlackBerry tablets and smartphones, might just be the company’s salvation, bringing a third contendor back into the current two-man race.

BBX Photo Leaked on The Verge

As reported today, “People reckon it’s a melting ice cube,” Leon Cooperman told  Bloomberg. ”We reckon the new operating logic is going to surprise people.” BBX, which is set to launch early next year, will enable apps built for Google’s Android operating logic to run on BlackBerry devices. The new line of BBX phones will also focus more on touchscreens and less on physical keyboards, which have been a hardware trademark of BlackBerry phones. Those fairly lacklustre items aside, we still know very little about the BBX. But that isn’t deterring Leon Cooperman, RIM investor and hedge-fund manager slash founder of Omega Advisors Inc., which bought a sizeable stake of about $28 million in RIM last quarter.

According to the Dow Jones Newswires, he also recently reported a purchase of 1.43 million shares in RIM in a regulatory filing, betting that the BlackBerry-maker’s new devices are attracting customers. “We bought (the shares) because we think (the stock) is undervalued, and we will be proven right or wrong in a few weeks when they report results,” Cooperman is quoted as saying in an article in businessmobilebriefing.com.

While we at Plastic Mobile love a tale of the underdog rising to acclaim, we’re not convinced we’d bet our beer money on the new BBX operating system.

Tweet us @plasticmobile with your verdict – will Cooperman and RIM be high on a much-needed success, or will they live to eat their BlackBerries?

Congratulations are in order as Research In Motion’s Blackberry App World has finally reached 1 billion downloads last week. For those who don’t follow tech news, RIM has been struggling for the past several months (understatement). Approximately three years ago, RIM shares were trading at $150.00 apiece; currently they are trading at roughly $26.00.

Shareholders must be ripping their hair out!

Although we are happy for RIM, we cannot side track from the fact that it took about two years to accomplish this whereas, Apple’s app store has a total of 15 billion downloads to date and hit it’s 1^st billion in just nine months. Google’s Android has a total of 4.5 billion downloads to date.

In the latest shareholders meeting, RIM confirmed that it is planning on releasing seven new phones in the upcoming months. SEVEN? RIM hasn’t stated what new smartphones they will be launching but they are most likely to be upgraded models. The two most talked-about Blackberries to be released are the Bold 9900 and the Torch 2 (9860), as for the other five, we will just have to wait and see.  Also, RIM announced that the new Blackberry OS 7 would be the OS running on the Bold 9900.

We are thrilled to see the new operating system but rumor has it that current blackberry users would not be able to upgrade to OS 7. Let us hope that this is just a rumor.

But could this be the beginning of a comeback or the coming of Rimageddon?

Most will agree with the latter, it’s just too difficult to stay optimistic! Just a couple of days ago, RIM announced they plan to lay off 2,000 employees, which is equivalent to approximately 11% of their workforce. The intended purpose for this is to help RIM achieve higher growth, realign strategic objectives, and restructure senior management. These lay-offs will allow RIM to reduce costs and supposedly, introduce products to the market in a more timely manner (i.e. faster).

The next couple of months should be exciting.

Good or bad move by RIM?

Good luck RIM, you’ll need it.

Our Melody Adhami (aka Queen of Apps) speaks with Rob Woodbridge for UNTETHER.tv. The interview discusses the fast growing pace of mobile, how companies should implement an effective mobile strategy, as well as predicting the future of the mobile space.

See video below. Here’s the full article.

Our team huddled around the table when our own PlayBook arrived in the mail. Despite all the mediocre reviews on RIM’s tablet, the first day sales exceeded the low expectation.  Here’s a quote from Postmedia News:

“Checks of 70 retail stores found 11 per cent of the locations stocking the device were sold out, according to Mike Abramsky, analyst at RBC Capital Markets. He estimates day one sales of 50,000, including pre-orders, and that RIM is on track to ship 500,000 PlayBooks in the first quarter of fiscal 2012.”

In the next 60 days, there will be an update to offer PlayBook users stand-alone email, rather than having to go onto web-mail or the Gmail app. In the meantime, make sure to download our popular Rogers Sportsnet Hockeycentral app.

Check out the rest of the photos on our Flickr page

Plastic Mobile has teamed up with Rogers Sportsnet to develop a hard-hitting Hockeycentral application for the launch of RIM’s BlackBerry PlayBook.

“With playoff hockey in full swing, this app will become your immediate guide for all hockey news and analysis,” says Melody Adhami, President of Plastic Mobile. “Being hockey fans, we really enjoyed working with the team at Sportsnet and Mobile product development at Rogers Digital Media to build the application for the launch of this exciting new tablet.”

Whether you’re a hockey buff or just jumping on the Playoff bandwagon – the Hockeycentral App for the BlackBerry® PlayBook™ will be your mobile broadcast hub for all hockey highlights, scores, news, and analysis from top hockey insiders in the industry.  The app also includes breaking news on Twitter from the Rogers Hockeycentral panel as well as latest coverage and editorials. The app is available free in the BlackBerry App World on launch.

We are truly pleased with the outcome of the Hockeycentral App for the BlackBerry PlayBook and the immediate access to NHL news that we are providing hockey fans,” said Pary Bell, Vice President of Product, Rogers Digital Media. We are excited to release this dynamic and useful app just in time for the launch of the PlayBook and the Stanley Cup Playoffs.”

Avoid the penalty box and download the app here.

Tweet this release:
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@PlasticMobile
@RogersSportsnet

About Plastic Mobile

Plastic Mobile is an award-winning mobile marketing agency, working with some of North America’s best brands. Plastic Mobile expands their presence into the mobile space through innovative, cutting-edge strategies, user experiences and creative. They are known for many first-of-their-kind mobile initiatives, including launching the first video iPad app in Canada. Recognized for their exceptional client service, Plastic Mobile designs and delivers mobile applications and websites for all platforms, while achieving optimal results for their clients.

Founded in 2007, Plastic Mobile’s rapidly growing client list includes both Canadian and US companies, such as Rogers Communications, CBC, Unilever, Sportsnet, Liberty Science Center and Pizza Pizza. For more information on their services and client work, visit www.plasticmobile.com

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Media Contact for Plastic Mobile:

Leila Pejman
Leila@plasticmobile.com
604.644.8293