We learned last week that the Research in Motion was going to unveil their next generation device today. At around midnight this morning, the BlackBerry Bold press release went out and so far today, RIM’s stock price has shot up about 7%.
Not only is the stock price up today, some analysts believe that the BlackBerry Bold will boost quarterly BlackBerry shipments by 400,000 devices.
With the release of the CDMA BlackBerry Curve 8330 last week and the announcement of the BlackBerry Bold this week, it looks as though RIM is going to have one heck of a summer.
Buy on the rumor, sell on the news. In this case, the news is the rumor as the analysts, brokers, etc. aren’t tech geels checking out all the boards. These press releases are their rumors.
But yeah, no doubt it’s going up because of the recent press release, commercials, etc., it’s getting a bit hot again. The numbers from last quarter are better than the iPhone.
Maybe we should ask the question…”Is the BlackBerry stunting the iPhone’s growth?” Hmmm…maybe that could be the next post.