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RIM Stock Price Touch Sky as Analysts Express Optimism on Success of Blackberry 10

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Updated: Wednesday, March 27, 2013, 14:35 [IST]

RIM Stock Price Touch Sky as Analysts Express Optimism on Success of Blackberry 10

Finally there is some happy news for RIM and Blackberry. The stock price of RIM sky rocketed by around 13% this morning. The sudden rise in stock price is attributed partly to the positive sentiments expressed by analysts and experts around the success of Blackberry 10 OS in the market. A financial analyst from National Bank echoed this positive sentiment and told that he is expecting the BB 10 sales to do well when it is launched in February 2013. 

The 6 month stock chart shows the kind of up and down ride RIM has witnessed over the months. But this month, there has been a sudden upward trend in the price. This has come in as a surprise for many industry observers. Apple and Samsung have pushed RIM’s market share to an all time low in high end smartphone and business phone segment. However, this new unexpected positive remarks on BB 10 would give RIM a new lease of life. 

It may be recalled that there was lot of skepticism initially around the BB 10 when it was first reported. The trend seems to have reversed and now even those skeptical analysts are seeing optimistic on the acceptance of BB10 devices in the market. Kris Thomson, financial analyst with National Bank commented “The new phones, scheduled to go on sale in February, should post shipments of about 35.5 million units next fiscal year, up from a previous estimate of 31.6 million." 

We need to wait and see how BB 10 will fare in the market once it launches by February 2013.

Story first published:  Saturday, November 24, 2012, 17:26 [IST]
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