Analyst calls for RIM to separate businesses

A market analyst has called on BlackBerry Research In Motion to splits its businesses into two separate handset and network divisions.

According to Boy Genius Report, RBC Capital Markets managing director Mike Abramsky said in a new research note that the company needs to modernise.

“By acting now, splitting RIM into network and handset businesses may target opportunities and unlock significant shareholder value.”

“RIM’s end-to-end solution was conceived when data devices and networks were nascent — but times have changed,”

The call comes as RIM has continued to struggle against the growth of Apple and Android devices.