RIM Shares Show Record Growth

Quite a long time on Habré published only negative news about the company RIM. Then the company’s finances are tight, then smartphone sales are falling. But after some of the work carried out by management, the shares begin to grow in value, and some analysts say the growth is phenomenal. So, on Friday the growth of the company's share price was 14%. And over the week, stocks gained 27%.

There are several reasons for such a rapid growth in the value of shares. First, the company announced several new devices, which were favorably received by both experts and regular users. Secondly, the company took a number of measures to reduce costs, which led to some stabilization of the financial situation in RIM.
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In connection with these reasons, many analytical agencies gave a forecast for an increase, in addition, a positive assessment of the possibility of growth in sales of new devices. After the announcement of the BlackBerry 10, several large telecom operators became interested in these smartphones, which, of course, did not go unnoticed by analysts and financiers. Jefferies & Co analysts believe that in the next 12 months, the value of RIM shares could rise from $ 11.66 (current price) to $ 43.

As for the BlackBerry 10 smartphones themselves, which caused such a stir, their appearance on sale is scheduled for later this year. Of course, RIM has a lot of competitors, but their devices usually found their customers, which is likely to happen now.

Via forbes