Good news is finally streaming in for
Research In Motion: stock prices have gone up, as investors are gearing
up for the critical BB10 hardware and software launch. The developer
community also unexpectedly submitted 15,000 apps for BB10 in two days.
Shares of
Research In Motion have rallied, as investors are in a fairly confident
mood ahead of the BlackBerry 10 hardware and OS launch. The release for
the BB10 ecosystem
is slated for the end of this month, but stocks were heading up for a
second consecutive day and are above US$14 for the first time since
April 2012.
Putting this into perspective, this jump in share prices for RIM
comes at a time when Apple stock is down 3% following reports that they
are cutting orders for components after a supposed fall in demand for
the iPhone 5. Also, RIM’s shares had taken a dip earlier this month,
after the company announced that there will be a new pricing structure
for services on the BB10 platform, leading to fears of increased costs
for enterprises.
The new OS and the new line of
smartphones is critical for RIM, both for survival, and to eventually
claw back lost ground from the likes of Apple, Samsung and Nokia.
In a second dose of good news for
Research in Motion, there were 15,000 app submissions for BlackBerry 10
within a period of 2 days. Developers submitted these apps during the
two Port-A-Thon events that started on Friday. All 15,000 apps are
expected to be available on the BlackBerry App World by the time the
BB10 launch comes around. Port-A-Thons are virtual events, and a
developer can log in from any location in the world and participate.
While it is still a long road ahead for
RIM, considering Apple has 7,75,000 apps in the iTunes App Store and
Google is potentially sitting on 6,75,000 apps in the Play store.
However, the speed at which this bunch of apps has come in should help
RIM’s confidence ahead of the last Port-A-Thon on January 18, before the
BB10 launch.
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