RIM stock climbs ahead of BlackBerry 10 launch

RIM stock climbs ahead of BlackBerry 10 launchThe BlackBerry 10 launch finally – finally – goes down two weeks today, January 30, and Canadian manufacturer RIM has pretty much everything pinned on the operating system’s success.

On the plus side, it’s probably fair to say there’s a decent amount of buzz surrounding the launch, and there’s good news (for a change) – as we’re hearing RIM’s stock climbed yesterday to its highest level in ages. Nice.

Specifically, RIM’s stock soared 10.2% to hit $14.67 in afternoon trading. That’s the highest figure since the $14.95 recorded in April 2012 – some nine months ago.

It’s not entirely clear why the stock leapt up, though there’s some speculation that the 15,000 app thingy might’ve played a part.

A couple of days ago, I was saying that RIM had secured a whopping 15,000 BlackBerry 10 app submissions, thanks to a bunch of financial and hardware-related incentives.

Of course, there’s an argument to be made for quality vs. quantity, though having a healthy selection of apps is generally seen as a plus. Even if loads of them are fart apps.

RIM will inevitably be hoping to recapture some of its former smartphone glory with BlackBerry 10. We’re expecting the touchscreen BlackBerry Z10 and QWERTY-rockin’ BlackBerry X10 to arrive shortly after the BlackBerry 10 launch.

Read more about: Blackberry OS

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JanSt / MOD  Jan. 16, 2013 at 12:35

Well, now that the kids are done with Apple etc...

mightyforest  Jan. 16, 2013 at 12:56

i still think it may be too costly for most young teenagers :). i pay £13.99 for my lads blackberry contract with free BBM

JanSt / MOD  Jan. 16, 2013 at 13:04

Is that with any calls, or just BBM/BIS?

Here most kids have prepay BBs (here being Ireland) - €9.99 usually covers the month's data, BBM etc...

Pondlife  Jan. 16, 2013 at 13:05

Press likes to build things up before crashing them down. Wasn't just Apple that was telling us that their maps was awesome ahead of the public getting hold of it.
Press builds it up, stock follows..

mightyforest  Jan. 16, 2013 at 13:41

well for that my lad got 500 mins, 1200 text and 500mb internet + free BBM +Free phone, all with virgin, pretty good deal oh and free calls to anyone else on virgin

Pondlife  Jan. 16, 2013 at 13:46

Sounds like one of the deals you can only get if you've got their landline/tv/broadband though

mightyforest  Jan. 16, 2013 at 13:56

yea at the time i think it was £2 discount for being with virgin, im on their broadband

JanSt / MOD  Jan. 16, 2013 at 13:57

That is a good deal. No wonder shares are up :p


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