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Research in Motion’s http://www.rim.com / (RIM) supply dramatically dropped during the after-hours sales, following Blackberry’s recent release of its plans to change the process of charging fees. RIM announced they lost subscribers for the first time in the recent quarter as Blackberry usage dropped from over 80 million to 79 million. According to the Canadian company, new smartphones are prepared to be launched next month, making the latest devices crucial to the company’s survival. In addition, RIM’s stocks declined to 10.4 percent, repudiated to generate more revenue from telecommunication companies, once the new Blackberry 10 devices are released. “Other subscribers who do not utilize such services are expected to generate less or no service revenue,” RIM CEO Thorsten Heins said. “The mix in level of service fees revenue will change going forward and will be under pressure over the next year during this transition” he added.
However, Canaccord Genuity (http://www.canaccordgenuity.com) analyst Mike Walkley said that the BlackBerry 10 will alter RIM’s services revenue model radically. According to InMobi, “In fact, 52 percent of BlackBerry users in North America plan to purchase an iPhone 5.” RIM had recorded to have had 80 million subscribers three months ago. In a study conducted by Kelkoo, nearly 20 percent of all Blackberry owners are planning to switch platforms soon due to service interruption. Additionally, another 42 percent are considering shifting phones because of a faulty router which RIM recognized as “core switch failures”, and internet connection on Blackberry units were also intermittent. Over 245 million Americans use the internet, and half of the percentage is noted to be online players at internet gaming portals such as PartyPoker.com. Online poker sites attract frequent poker players for a fast and entertaining experience, almost similar to playing in a land-based casino.
Poker has several popular variations, giving players the option to choose the game they want. Stud poker used to be the only version available and later on other varieties surfaced and became prominent, including 5 card stud and 7 card stud, Texas Hold’em, Omaha, and Omaha hi-lo. Texas Hold’Em was the highlight game in the 1970 World Series of Poker and became customary a year after. It is by far the most sought after poker game today and is frequently played at hundreds of online poker rooms and land-based casinos around the world. The World Series of Poker is the most recognized competitive yearly poker tournament. It is held in Las Vegas and originated in Binion’s Horseshoe Casino in the 70s. The winner of the event bags a WSOP bracelet and a cash prize according to the participation and buy-in amounts. The competitive tournament became famous and has grown in stature and acquired new host of poker players.
Online poker tournaments can now be accessed through RIM’s advanced apps and internet. “We believe the company has stabilized and will turn the corner in the next year,” Heins said. He stressed that the company’s cash holdings has increased by $600 million in the quarter to $2.9 billion, even after supporting the company’s reorganization costs.