Research In Motion (RIM.TO)(RIMM.O) unveiled an updated version of its BlackBerry Bold smartphone on Monday plus enhancements to its new operating system as it sought to regain its stride after a profit warning. RIM said the touchscreen phone, available worldwide in the summer on both major standards, would have more processing power than the Torch, touted by RIM as a worthy competitor to the iPhone in August when it last updated its aging platform. RIM stunned investors last week with a fresh profit warning, pushing expectations lower only weeks after it issued a dismal outlook for its results. Sales of its aging phones have lagged, especially in the vital U.S. market and Latin America, while Apple and Google have powered on. "It's not so much any individual product that's going to change investors' perception of the stock. It's going to take an upgrade of the entire product portfolio with the operating system upgrades," Evercore Partners analyst Alkesh Shah said after Monday's announcement.
Shares of RIMM fell by 1.13% or $-0.55/share to $48.1. In the past year, the shares have traded as low as $42.53 and as high as $73.37. On average, 11968200 shares of RIMM exchange hands on a given day and today's volume is recorded at 1451055.
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