Editor’s Note: Related tickers: Research In Motion Ltd (NASDAQ:BBRY),
Dubai chosen for global launch of new BlackBerry Q5 (ArabianBusiness)
BlackBerry maker Research In Motion Ltd (NASDAQ:BBRY) on Wednesday said its new Q5 smartphone model will be launched in Dubai ahead of going on sale globally. The launch of the Q5 will take place at the opening of the first BlackBerry Retail Concept Store, which will open on Thursday at 5pm local time and is part of Canada-based Research In Motion Ltd (NASDAQ:BBRY)’s plans to offset falling US sales. A limited number of the Q5 smartphones will be exclusively available for early sale at the store, Research In Motion Ltd (NASDAQ:BBRY) said in a statement. “Customers will also have the opportunity to pre-order the smartphone at the store, which will be widely available next month from authorised carriers and retailers in the UAE and across the Middle East,” it said.
RIM shares jump as RBC boosts outlook on BlackBerry 10 (TheGlobeAndMail)
RBC Dominion Securities has significantly boosted its outlook for Research In Motion Ltd (NASDAQ:BBRY)’s bottom line, predicting a profit this fiscal year instead of a loss thanks to stronger-than-expected shipments of its new BlackBerry 10 devices. It also thinks a short-covering rally may be looming – but warns the long-term outlook for the company remains cloudy. The fresh views from RBC helped the stock to chalk up some further gains today, closing up 54 cents, or 3.7 per cent, at $14.84 on the Nasdaq. RBC analysts Mark Sue and Paul Treiber raised their BlackBerry 10 shipment forecasts to 3.5 million units for the fiscal first quarter, which started March 3, from their previous forecast of 2.75 million. For the current second quarter, they predict 4 million units will be shipped, up from 3 million.
First MidEast BlackBerry flagship store set to open (ArabianBusiness)
Research In Motion Ltd (NASDAQ:BBRY), the maker of the BlackBerry smartphone, will open its first flagship retail store in the Middle East on Thursday. The Research In Motion Ltd (NASDAQ:BBRY) Retail Concept Store, which will have a grand opening at 5pm local time, is part of Canada-based Research In Motion Ltd (NASDAQ:BBRY)’s plans to offset falling US sales. The store will feature the first one-hour repair or replace service in the Middle East, Research In Motion Ltd (NASDAQ:BBRY) said in a statement. Last year, a senior Research In Motion Ltd (NASDAQ:BBRY) executive said stores with local partner Axiom Telecom are planned across the region.
The return of the BlackBerry believers (CNN)
Has any company in the technology sector seen higher highs and lower lows in the past decade than BlackBerry? If you remember, Research In Motion Ltd (NASDAQ:BBRY)—which earlier this year changed its name from the clunkier if more poetic name of Research-in-Motion—once ascended to great heights. Ten years ago, it traded at a modest $15 a share. Then its reputation for making top-of-the-line phones with secure, reliable messaging—along with an early lead in the budding smartphones—pushed its stock up, up, up. So far up that, five years ago, the company’s shares were trading around $145 a share, a tenfold increase in only five years.
