Analysts Show BlackBerry 10 Optimism, RIM Stock Surges In Response

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BlackBerry 10 really is going to be the million-dollar question of early 2013. RIM has so much invested in its success, the company’s future very nearly rides entirely on the platform’s successful launch. While RIM has had plenty of nice things to say about its OS, and claims that carriers and other entities that have had early exposure to the hardware and software are loving what they see, there’s still a lot of convincing to be done. We may want to hold off on judgment until we get the opportunity to put BB10 through its paces ourselves, but it looks like some of RIM’s BB10 optimism is already having the desired effect, convincing analysts that sales will exceed expectations, and driving up RIM share prices as a result.

Following a couple of positive reports from industry analysts, naming those encouraging carrier attitudes and increased sales estimates, RIM’s stock started seeing a surge of activity. Over the course of the week, RIM found its share prices up 18%, the sort of growth it hasn’t seen in over three years.

This recent growth may be largely based on speculation, but if these attitudes towards BB10 hold out over the next few months, RIM just might find itself able to pull this one off. We’re certainly very anxious to see how the market responds to the platform’s launch, and expect the first BB10 phones to arrive sometime in mid-to-late February.

Source: Bloomberg
Via: BGR

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!