6/19/2012 06:11:00 PM
dannzfay
Canadian mobile phone maker Research In Motion has lost one of its original device manufacturers, Celestica Inc.
The ODM company announced that it would reduce the manufacturing of hardware for RIM in the next three to six months. The impact on its revenue is expected to be of less than $35 million. Celestica has been one of the main suppliers for the struggling handset vendor, and it will work closely with it during the transition period.
RIM has been losing market share lately. It missed targets for the fourth quarter of its fiscal year 2012, as announced in late March, and it presented low expectations for the first two quarters of fiscal year 2013. Before the end of this year, the company will bring to shelves handsets powered by its next-generation BlackBerry 10 platform, which should help it regain its foothold.
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