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RIM CEO Thorsten Heins gestures while talking about the new BlackBerry 10 at the BlackBerry Jam Americas conference in San Jose, Calif., Tuesday, Sept. 25, 2012.
RIM CEO Thorsten Heins gestures while talking about the new BlackBerry 10 at the BlackBerry Jam Americas conference in San Jose, Calif., Tuesday, Sept. 25, 2012.
(Eric Risberg/AP)

RIM shares rise on new phone hopes

These days, even a little bit of good news is enough to send Research In Motion Ltd. shares soaring.

Investors reacted positively on Tuesday as RIM showcased more features of its upcoming line of smartphones and – more importantly – assured customers that the new phones were still due out in the first quarter of 2013. RIM shares jumped more than 5 per cent on Tuesday after the news, which came during a developer event in California. Still, many analysts remain skeptical about the firm’s future, even as it puts all its resources into the new smartphone launch.