RIM sees share price surge as Blackberry 10 launch nears

By on November 25, 2012
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The company’s only savior is already helping their stock prices.

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Despite seeing major decline in market share in the US, huge losses and tumbles in stock prices, RIM has a slightly optimistic future ahead of them as the Blackberry 10 is set to be revealed end of January. And despite what most tech bloggers would like to believe, it’s something that can single-handedly save the company if it goes well for them. Proof? Just the anticipation of it has already surged up their share prices.

Forbes reports that Research in Motion’s stock prices saw an upward tick of at least 14%  and the company has seen a 27 percent increase in prices in the past week. The announcement that the company will unveil their new BB10 devices on January 30 worldwide and a few published articles by financial analysts that were optimistic about the devices have a lot to do with that, but the general consensus is that the devices hold a lot of promise and will improve the company’s shares in the coming months.

Are you holding out for a Blackberry 10?


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Filmmaker and film writer. An ironically strange combination. Follow his tweets on @faisalhashmi for his escapades in film.

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