RIM's stock has been upgraded and their stock is rising. BMO Capital Markets upgraded RIM from market perform to outperform citing improving demand. Apparently the BlackBerry Bold 9700 and the Curve 8520 are pushing RIM's revenue up.
"We expect a meaningful beat and raise when the company reports on March 31," wrote Tim Long, a senior analyst at BMO, in a note. "Strength should be driven by all regions, and the 9700 and 8530 both seemed strong."
With all the predictions about Android, and they popularity of the iPhone, RIM still dominates the US market. We've heard so many predictions about the doom of the BlackBerry and it's just not happening. People love their BlackBerrys.
"We expect a meaningful beat and raise when the company reports on March 31," wrote Tim Long, a senior analyst at BMO, in a note. "Strength should be driven by all regions, and the 9700 and 8530 both seemed strong."
With all the predictions about Android, and they popularity of the iPhone, RIM still dominates the US market. We've heard so many predictions about the doom of the BlackBerry and it's just not happening. People love their BlackBerrys.
