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The 87% drop in BlackBerry's stock worth between 2010 and 2013 was primarily attributed to the efficiency of the iPhone handset. Between 2010 and vaportry 2013, vaportry the inventory worth of the company dropped by 87 percent due to the widespread popularity of the iPhone. In 2007, co-CEO Jim Balsillie was pressured to resign as chairman as the company introduced a $250 million earnings restatement referring to mistakes in the way it granted inventory choices.
On January 22, 2012, vapeamong Mike Lazaridis and Jim Balsillie resigned because the CEOs of the company, vapeexpand handing the reins over to executive Thorsten Heins.
In January 2009, Canadian regulators said that they were in search of a file penalty of US$80 million from the top two executives, co-CEOs Jim Balsillie and Mike Lazaridis. In the United States, the BlackBerry hit its peak in September 2010, with almost 22 million customers, or 37% of the 58.7 million American smartphones.
Later in the year, Heins was changed by John S. Chen, who assumed the CEO function in the primary week of November. After the release of the Apple iPhone 5 in September 2012, RIM CEO Thorsten Heins introduced that the number of global users was up to eighty million, which sparked a 7% bounce in shares. Some noticed this arrangement as a dysfunctional administration structure and believed RIM acted as two firms, slowing the trouble to launch the brand new BlackBerry 10 operating system.