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BlackBerry maker RIM in transition, says CEO Thorsten Heins

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Blackberry

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Research in Motion (RIM) CEO Thorsten Heins has downplayed the BlackBerry maker's troubled predicament, claiming that it is undergoing a "transition".

The executive told Canadian Broadcasting Corp (via Reuters) that the company will overcome the financial hurdles it faces, insisting that it is not in a "death spiral".

He said: "There's nothing wrong with the company as it exists right now. I'm not talking about the company as I, kind of, took it over six months ago. I'm talking about the company [in the] state it's in right now.

"This company is not ignoring the world out there, nor is it in a death spiral."

RIM has endured a torrid year of financial turmoil, job cuts, under-performing products, and a reputation-damaging service blackout. Last week, it was reported that its BlackBerry 10 operating system has been delayed until next year.

Heins went on to acknowledge the size of the task at hand, but vowed to see the company reclaim its former success.

"It is very, very challenging at the moment - specifically in the US market. The way I would describe it - we're in the middle of a transition," he added.

"All that is in the making, it's in the works. This company is in the middle of it and I'm positive we will emerge successfully from that transition."

The upcoming BlackBerry 10 OS is being viewed by many as RIM's 'last chance' to remain competitive in the consumer market.

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