RIM (RIMM) Slashes Prices As Trouble Dawns In India

Research In Motion Limited (USA) (NASDAQ:RIMM) is to announce its earnings for Q4 2011 tomorrow, but news today suggests the company may not be facing more sever troubles than stakeholders had hoped. Research in Motion Limited confirmed that it was cutting the prices of its Blackberry's smart phones in India, one of the largest markets in the world and certainly an asset to RIM. The price cuts show that demand for their products must be lower than they had hoped in the subcontinent. The cuts are probably an attempt to move more models...