Telecom & Wireless

January 30: Do or Die Day for RIM?

courtesy of Blackberry
BlackBerry maker Research in Motion Ltd. (NASDAQ: RIMM) today announced that its newest smartphones and operating system — BlackBerry 10 — would launch worldwide on January 30. The Canadian-based company said it will introduce two new smartphones that use the BlackBerry 10 OS, but will not reveal details of the phones or their availability until the launch date.

RIM and its BlackBerry platform fell out of favor so rapidly with the introduction of the first iPhone from Apple Inc. (NASDAQ: AAPL) and then the introduction of the Android operating system from Google Inc. (NASDAQ: GOOG) that there is reasonable doubt that the company can every make itself relevant again. In the latest report on smartphone operating systems, Android claims 52.5% of the market, Apple claims 34.3%, and RIM just 8.4%. Those are the top three.

If RIM wants to win share back, its hardware and software are really going to have to be something special. The company’s press release refers to a new user experience and a central location for messages and other data, a new, smarter keyboard, and a firewall between business and personal apps and information.

That’s all very good, but will it be enough? One indicator might be how well the new phones from the Microsoft Corp. (NASDAQ: MSFT)-Nokia Corp. (NYSE: NOK) duo are accepted. Microsoft’s market share of smartphone platforms was just 3.6% last month. How much that grows — or does not grow — should give us some idea how successful RIM’s new devices and platform will be.

RIM’s shares are trading up about 3% this morning at $8.79, in a 52-week range of $6.22 to $19.95.

Paul Ausick

Travel Cards Are Getting Too Good To Ignore

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.