Research In Motion (RIMM) Continues to Gain on Apple's Woes
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Research In Motion Ltd (NASDAQ: RIMM) is continuing it recent surge into the launch of its highly-anticipated BB10 operating system later this month.
After ramping 13.8 percent on Friday, shares are up another 8.4 percent early Monday. Overall, the stock is up 137 percent from lows seen in September.
With news this morning of component cuts, Apple's (Nasdaq: AAPL) grip on the smartphone market is seemingly vanishing. This provides Research In Motion an opportunity to make some headway. In addition, carrier support for the new devices is said to be strong as they are quietly rooting for its success.
Research In Motion is either setting themselves up for renewed relevance or a massive letdown.
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After ramping 13.8 percent on Friday, shares are up another 8.4 percent early Monday. Overall, the stock is up 137 percent from lows seen in September.
With news this morning of component cuts, Apple's (Nasdaq: AAPL) grip on the smartphone market is seemingly vanishing. This provides Research In Motion an opportunity to make some headway. In addition, carrier support for the new devices is said to be strong as they are quietly rooting for its success.
Research In Motion is either setting themselves up for renewed relevance or a massive letdown.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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