RIM shares soar up this week thanks to BlackBerry 10 hopes

Research in Motion won't launch its new BlackBerry 10 mobile OS until sometime in early 2013. However, it appears that the anticipation for BlackBerry 10 is already causing the company's stock price to rise in the past week.

Forbes reports that on Friday, the price of RIM's stock went up almost 14 percent. In the past week, the company's shares have been up a total of 27 percent. That was due in part to published notes from two separate financial analysts who feel that the launch of BlackBerry 10 will be well received by customers and wireless providers.

That's good news for RIM, who has seen its smartphone market share dip down over the past year thanks to the rise of iOS and especially from Android-based smartphones. However, there are still a lot of questions concerning BlackBerry 10 itself, including whether the new OS will be able to keep up with the features that users expect.

RIM has already announced it will hold a number of press events around the world on January 30, where it will reveal the actual launch dates of its first BlackBerry 10 smartphones. Hardware manufacturers are reportedly already making the first BlackBerry 10 devices. While RIM has said it will still offer a smartphone with a physical keyboard, it will also release a touch screen only BlackBerry 10 smartphone.

Source: Forbes | Image via RIM

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20 Comments

All these tech journalist who've been predicting their demise because hating RIM is cool seem to be getting desperate that their predictions aren't coming true.

At least real tech enthusiasts are looking at the actual product and seeing how good QNX really is.

matt4pack said,
All these tech journalist who've been predicting their demise because hating RIM is cool seem to be getting desperate that their predictions aren't coming true.

At least real tech enthusiasts are looking at the actual product and seeing how good QNX really is.

As a Canadian, I seriously want RIM to pull through. It would be horrible to lose such an amazing company. It really does seem "cool" to hate on RIM these days. I think a lot of these predictions are going to fall short once RIM releases their next gen phones. Unlike other companies who ran around yelling "Help!" (I'm looking at you Nokia), RIM has stood their ground and punched forward with their plans. If they're confident enough to bleed out customers and continue chugging forward in order to get this out there, I can't imagine it's going to be bad.

That being said, I hope I'm not proven wrong!

nekkidtruth said,

As a Canadian, I seriously want RIM to pull through. It would be horrible to lose such an amazing company.
That being said, I hope I'm not proven wrong!

Nokia was smart. They didnt ask for help, but instead looked for a better option. Taking control of a new ecosystem seemed best. Slowly its showing as if it was a better option to take. But forgive me if you think going down their previous road to demise was better.
RIM on the other hand has a different story, they had enough reserves and skills to continue development of their own OS, cudos to them... but is the OS really going to be able to grab a foothold in the market?

That is the problem, and because they have been so slow to revamp this whole thing... slower than MS, it might spell out trouble for the OS. But i do believe its recognition already in the market deserves some sort of 'light at the end of the tunnel' for the company.

I dont think RIM or Nokia are going to dissapear. But they both took the options that were best available. Right now Nokia is doing beyond what we could have imagined. Lumia 920 seems to be taking off in sales, well at least from what previous sales have been.

At least Nokia has something out there that people want to buy. Thats whats comforting when investing in Nokia, while RIM is more of a "i think people will buy" situation.

I wish them luck, personally I am a Windows Phone user but the more competition in this market the better, I like what I have seen so far with BB10 so lets hope it succeeds to keep everyone else pushing.

techbeck said,
I would laugh if BB 10 comes out and does better than WP8.

With its recent share price gains, RIM is close to topping Nokia for the first time ever

Hope RIM the best, used to love them until i switch to android in 2009... But I would certainly come back if their OS wasn't so plain like Apple's.

HoochieMamma said,
Time for people to sell their shares

Lol. Well, its when you think the bubble will burst right. Because it seems to me its a bubble of hopes and dreams. Then financials comes out.

Yay Analysts!

I hope BB10 is good, the more quality products out there causing strong competition the better for all us consumers.

It's nice to know that they're benefiting from the anticipation of BB10. I really hope they can compete with Google, Microsoft, and Apple and any other company in the smartphone business.

Anaron said,
It's nice to know that they're benefiting from the anticipation of BB10. I really hope they can compete with Google, Microsoft, and Apple and any other company in the smartphone business.

I am quite buzzed by it

They are competing head to head with the iPhone on this one... Just wait for it and you'll see. It is going to be the 'best' product RIM released to date. It seriously has a lot of potential despite being only Alpha stages right now and launch just over 2 months away...

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