RIM to introduce new BlackBerry 10 devices on January 30

Research In Motion Ltd plans to introduce its new line of BlackBerry 10 smartphones on January 30, the company said on Monday, giving investors a measure of confidence that the long-awaited devices are nearing completion.

The Waterloo, Ontario-based company, a one-time pioneer in the smartphone industry, is betting its future on the new products, which will be powered by its new BlackBerry 10 operating system. Its shares rose 5.5 percent to $9.01 in trading before the U.S. stock markets opened.

RIM has struggled over the last two years as its devices lost ground to snazzier and faster smartphones like Apple Inc's iPhone and Samsung Electronics' Galaxy line.

Read Full Article from Reuters

- Posted: 2012-11-12 14:33:44

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