RIM CEO disappointed with firm's performance, but hopeful with BlackBerry 10

Ontario, July 11 (ANI): Embattled Research in Motion's CEO Thorsten Heins has said that he is excited about the firm's prospects with the upcoming BlackBerry 10 system.

Heins, during a shareholders meeting in Waterloo, also said that he is not satisfied with the company's performance, and added that the past year has been very difficult.

According to News24, he said the company has spent several months reorganizing operations to help reverse its fortunes.

It is also working hard to get devices running BlackBerry 10 out early next year, months behind schedule, to help it compete better with iPhone and Android devices, he added.

According to the report, RIM's stock has since been trading near a nine-year low.

Two weeks ago, it announced disappointing quarterly earnings, plans to cut 30 percent of its workforce and the latest delay in BlackBerry 10. (ANI)