RIM Shares Rise 5% to Seven Month High as Developers Warm up to BlackBerry 10

Today Research In Motion pushed a gold edition of its SDK to developers. This would be irrelevant if developers weren't interested in the platform—which has been the go-to assumption throughout 2012, and was reinforced by hard data earlier this year.

Turns out, however, that the SDK release matters. Because developers have warmed up to the next-gen BlackBerry 10 platform big time.

58% of developers said in October that they would recommend BlackBerry 10, a new report from Pivot Point Research reveals. Granted, the report was commissioned by RIM. But still, it's a much better number than the depressing stats we saw back in July.

Developers aren't the only ones interested in BB10 either. Investors are getting excited as well: RIM shares are up more than 5% today.

This boost puts the Waterloo-based company at a seven month high. The stock is up nearly 100% since late September—that's a doubling of value in just 2.5 months.

RIM is still very far behind Apple's iOS and Google's Android. It may still fail. But all signs currently point to a successful January 30 launch of BB10 and a bright future—or, at least, a future period—for a revived company so many people proclaimed dead.

Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only... more

blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

Who's Hiring

Recent Comments

Powered by Disqus