Research In Motion the maker of the Blackberry 10 saw its shares surge even higher on Friday. The rally by RIM stock on Friday followed a bullish report from analysts.
The price target for the stock was moved up along with the amount of shipments in units for 2014. After that report was released, shares of RIM jumped 14%. RIM announced last week that the Blackberry 10, the long-delayed operating system would finally be debuted January 30 of next year, a full year after RIM’s next generation handset and new software was due to be launched.
Initially RIM said the new Blackberry 10 OS, smartphones and other devices would be launched starting in January of 2012, but that was first delayed to the end of the year and then RIM delayed it again until the start of 2013.
The new Blackberry 10 OS is considered the crown jewel for RIM’s turnaround, so its delays have been very troublesome for the company. Some of the company’s critics wondered if RIM could even survive in time to launch the Blackberry 10.
Thorsten Heins, the CEO at RIM spent the last few months convincing critics that the new software would be launched in the early part of 2013 and that it is worth the wait.
More optimism seems to be growing as well. Shares of RIM have increased 50% over the past couple of months. The surge is more remarkable when it is compared with the recent slump that Apple has suffered over the same time period.
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