Feeds

RIM shares take a bath after uninspiring BlackBerry 10 unwrap

Last Chance Saloon bouncers eye troubled Canadian drinker

The essential guide to IT transformation

Investors were less than impressed with Research in Motion's demo of its new BlackBerry 10 operating system and the developer tools to go with it, sending shares sliding by 5.76 per cent.

New CEO Thorsten Heins pulled out the new gear at his first BlackBerry World keynote speech yesterday, giving folks a look at what the OS should be able to do. The start of the conference also marked the release of the developer kit for the system so app-makers can start have some snazzy stuff ready by the time the first handsets come out at the end of the year.

BlackBerry 10 is widely seen as the last chance saloon for the troubled Canadian phone-maker, which has struggled to look like it's keeping up with the likes of Apple and Android. And RIM needs developers to make a ton of apps for the new OS if it has any chance of taking off.

However, investor confidence in the firm seems to have evaporated. The stock has plummeted 72 per cent in the last year, helped by a 5.76 per cent fall yesterday from the previous day's close, leaving the shares trading at $13.48 on the NASDAQ.

One problem may be that RIM still hasn't given out many clues about what the hardware to go with the new system might be like. At BlackBerry World, it handed out a prototype device to developers, the Dev Alpha, although the company said the actual mobiles won't look anything like it.

In general, RIM has not done a good job of reassuring investors that it can recover from the market share shrinkage caused by Apple and Android phone-makers like Samsung.

Aside from failing to come up with a smartphone that can claw back some BlackBerry popularity, the firm also suffered after a three day outage towards the end of last year that was handled horribly, and from low sales of its unloved fondleslab the PlayBook. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?