Shares of Research In Motion Ltd. dropped nearly 25% Friday as investors fled the company over worries about a new service-fee structure that threatens one of the BlackBerry maker's biggest cash generators.
RIM charges wireless carriers and larger corporations for using the company's proprietary network to route encrypted messages around the globe. As BlackBerry sales have slowed, the services fees have recently accounted for about a third of RIM's revenue.
RIM Chief Executive Thorsten Heins late Thursday described plans for a tiered "menu" of fees that it would start charging carriers for its new BlackBerry 10 phones next year.
RIM charges wireless carriers and larger corporations for using the company's proprietary network to route encrypted messages around the globe. As BlackBerry sales have slowed, the services fees have recently accounted for about a third of RIM's revenue.
RIM Chief Executive Thorsten Heins late Thursday described plans for a tiered "menu" of fees that it would start charging carriers for its new BlackBerry 10 phones next year.
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