RIM Manufacturing Partner Pulls The Plug On BlackBerry

19 Jun 2012 by liam kruger in Apple, Business, Culture, Featured, Politics, Tech/Sci, Very Cool, Vibe, World

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Celestica, the Toronto-based manufacturer that produces hardware for Research In Motion, have announced that they’ll be stopping production of BlackBerry hardware over the next three months, and charging the company $1 billion for unsold BlackBerry inventory. Between the BlackBerry 10 smartphone getting pushed back to late 2012, and new iPhone rumours, this could sort of be RIP RIM.

Or, at the very least, RIP BlackBerry. RIM reported its fourth-quarter earnings in March, missing all expectations and defeating hopes for some kind of recovery before 2013.

From the Celestica press release:

TORONTO, Canada – Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced that over the course of the next three to six months, it will wind down its manufacturing services for Research in Motion (RIM).

Celestica has been a high-performing manufacturing supplier for RIM and will work closely with RIM throughout the transition. As discussed on the company’s first quarter results conference call on April 24, Celestica has been working with RIM as it assesses its supply chain strategy. Celestica estimates that prior to any recoveries, its restructuring charges will not exceed $35 million.

What I’m saying is you kids should start getting familiar with Android.

[Source: BGR]

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