Defying the common theory that iOS and Android is putting too much pressure on RIM, the company's stock is rising. According to Business Week, a Jefferies & Co. analyst upgraded RIM's stock after being impressed by the company's new mobile software.
Jefferies analyst Peter Misek said RIM is still seeing growth in its international business which will carry the company until new devices start shipping.
Although RIM has lost some marketshare to Android and iOS, it has not happened as quickly as feared. With new phones and a BlackBerry PlayBook tablet device on the horizon, it appears that RIM is in it for the long run.
Jefferies analyst Peter Misek said RIM is still seeing growth in its international business which will carry the company until new devices start shipping.
Although RIM has lost some marketshare to Android and iOS, it has not happened as quickly as feared. With new phones and a BlackBerry PlayBook tablet device on the horizon, it appears that RIM is in it for the long run.