Carriers are pressuring RIM to cut service fees
It’s all perfect in imagination land for RIM as we heard from company chief executive Thorsten Heins, but in reality for the BlackBerry maker the bad news come one after the other. First it was, the announcement that the first BlackBerry 10 devices will be delayed and won’t appear in 2012, and now RIM is under pressure from carriers to lower the prices of its BlackBerry services. And to realize just how bad news this is, we should say that they make up a third of the total revenue for the Canadian company.
“There’s definitely negotiations going on right now to reduce” the fees, according to Sameet Kanade, technology analyst at Northern Securities.
The very same analyst expects those fees that carriers pay will be slashed by 17% this year and additional 18% next year, so RIM ends up getting only $2.8 billion in fiscal 2014.
source: Financial Post
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