BlackBerry maker Research in Motion's stock
rallied sharply Friday a day after reporting a narrower-than-expected
loss, as analysts debated whether the smartphone maker is poised for a
rebound.
RIM, whose shares hit multiyear lows earlier
this year, climbed 5.05 percent to end at $7.50, after paring some early
gains. Still, the stock remains a far cry from 2008 highs above $140.
The Canadian firm said Thursday it lost $235
million in the past quarter, its third consecutive loss, although not as
bad as analysts had forecast.
Despite the jump in RIM's share price, many
analysts remained skeptical on the prospects for RIM, which has delayed
until next year its new BlackBerry 10 platform, which aims to compete
against the Apple iPhone and devices using Google's Android system.
"RIM has received positive feedback from
carriers; however, we believe this new launch will need to be an
absolute home run for RIM to stay in the game," said Brian White at
Topeka Capital Markets.
Daniel Ernst at Hudson Square Research said
the modest rise in the number of RIM subscribers was positive. "We
continue to believe it's too late for BB10, and that a strategic sale is
a better long-term option than independence," he added.
Ehud Gelblum at Morgan Stanley said RIM
"appears to be driving (subscribers) by selling devices below cost," and
added that this "shrinks the pool of potential BB10 'upgraders.'"
Thorsten Heins, president and chief executive
of the Ontario-based firm, said Thursday that the BlackBerry 10
platform "is on track to launch in the first calendar quarter of 2013."
Heins told CNBC television on Friday that
"there are many more steps to come until we launch BlackBerry 10, and
then I think that the market will be very excited by what BB 10 has to
show and what it will deliver to its customers."
He added that the new phones would offer "a
fantastic keyboard experience" with the traditional physical keyboard
and that another model would have a full touchscreen.
BlackBerry 10 had been set to launch in late
2012, but RIM announced a delay earlier this year that prompted grim
predictions for the company.
RIM said revenues in the fiscal second
quarter rose two percent from the prior quarter to $2.9 billion, a
figure some 31 percent lower than a year earlier.
RIM said it shipped 7.4 million BlackBerry smartphones in the period and 130,000 BlackBerry PlayBook tablets.
The company's global subscriber base rose to 80 million and the company's cash position edged up to $2.3 billion.
© 2012 AFP
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© 2012 AFP
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