Dying RIM: layoffs, revenue down 12%

Research in Motion June 16 quarterly report leaves much to be desired if you are RIM shareholder. As I predicted RIM is on the way to bankruptcy and extinction in 3 years. RIM first lost mindshare, now losing market share, followed up by reduction in revenue, gross margin, net income. RIM still has over billion of operating cashflow, but that has been declining also. News sent shares tumble 20%. On the bright side half a million Playbooks have been sold, exceeding analysts expectationd of 400k units.
Death march to continue...