Voice Controls on BlackBerry 10
Meanwhile, not all mobile related stocks have been hit by the bears on Monday. Yeah, as we explained earlier, old news is taking shares of Apple down over 3.3%, but the stock of Research In Motion (you know, RIM!) is up 9.14% or $1.24 to $14.80. Earlier in the day, the stock showed a nifty 10% gain as it took out some resistance at $15. The combination of Apple cutting orders for parts needed to build its iconic smartphone and the upcoming January 30th introduction of BlackBerry 10 is prompting the buying of RIM's shares. As recently as September 25th, RIM's stock had traded as low as $6.75.
Back in June-July of 2008, RIM traded at $140 before the stock cratered amid the success of the Apple iPhone and then Android. Last quarter, one million subscribers left BlackBerry, the first time the company reported such a decline during a quarterly report. RIM's problems stemmed from its two top executives who felt that the touchscreen Apple iPhone was a fad and it wasn't until the poorly executed launch of the BlackBerry Storm 9530 that a touchscreen model was launched from RIM's camp.
source: BerryReview, YahooFinance