Feeds

RIM shares take a bath after uninspiring BlackBerry 10 unwrap

Last Chance Saloon bouncers eye troubled Canadian drinker

Boost IT visibility and business value

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. ®

Build a business case: developing custom apps

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
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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 distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.