Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

RIM stock rises 4% on new phone speculation

chart_ws_stock_researchinmotionltd.top.png By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney.com) -- Research in Motion shares jumped 4% Wednesday on speculation that the BlackBerry maker will unveil a new smartphone next week.

RIM has scheduled a press event on Tuesday in New York City with wireless provider AT&T (T, Fortune 500), but the company declined to give further details on what it plans to announce.

Websites such as PC World posted articles speculating that the company will unveil the long-awaited Blackberry Bold 9800, a slider phone that is expected to run a new BlackBerry 6 operating system.

RIM (RIMM) teased BlackBerry 6 at its WES conference in April, and since then the company has posted several videos on its blog previewing the touch-based operating system. The new software aims to give BlackBerry parity with features available on most smartphones, including a full Web browser and a modern home screen.

RIM could use a big splash. Though the company has the highest U.S. smartphone market share, at 41.7%, growth has slowed in recent quarters as competitors eat away at RIM's sales.

The latest data from comScore showed Google's (GOOG, Fortune 500) Android platform skyrocketing from from 9% of the total U.S. smartphone market in February to 13% by May.

Apple (AAPL, Fortune 500) clocked in right behind RIM, with a 24.4% market share - a figure likely to grow, thanks to the popularity of Apple's new iPhone 4.

Shares of RIM ended Wednesday at $55.41, a 4.2% gain on Tuesday's closing price.  To top of page

Index Last Change % Change
Dow 21,674.51 -76.22 -0.35%
Nasdaq 6,216.53 -5.39 -0.09%
S&P 500 2,425.55 -4.46 -0.18%
Treasuries 2.19 -0.00 -0.23%
Data as of 5:27pm ET
Company Price Change % Change
Bank of America Corp... 23.62 -0.02 -0.08%
Ford Motor Co 10.56 -0.08 -0.75%
Advanced Micro Devic... 12.37 0.03 0.24%
Foot Locker Inc 34.38 -13.32 -27.92%
Chesapeake Energy Co... 3.96 0.08 2.06%
Data as of Aug 18
Sponsors

Sections

Not only do many women depend on insurance coverage for maternity care and contraception, it commonly falls to them to plan health care and coverage for the whole family. Yet as leaders in Washington discuss the future of American health care, women have not always been allowed in the room. More

Despite having more financial "skin in the game" than ever, many consumers don't make any attempt to compare prices for health care services, a newly released study found. More