Can Research in Motion’s new phones reverse its plummeting stock price? (RIMM)

Research in Motion (NASDAQ: RIMM) shareholders have had a rough year, as the following chart from Google Finance shows:

Much of the decline in the company’s share price has been the result of the perception that RIMM’s products lag behind its competition. On Wednesday (8/3), the company unveiled five new handsets that it hopes will close the gap:

The company’s five new handsets are built on the BlackBerry 7 operating system. They include the full touch-screen models BlackBerry Torch 9850 and 9860, as well as RIM’s thinnest smartphones, the BlackBerry Bold 9900 and 9930.

Three of the new RIMM handsets (Source: Marketwatch)
Three of the new RIMM handsets (Source: Marketwatch)

According to TechCrunch,

They’re all powered by a 1.2GHz processor, have 768MB of onboard RAM and — most importantly — run the latest operating system BB OS7.

RIM claims its new OS is 40 percent faster at browsing compared to OS6-based smartphones, and 100 percent faster than OS5 handsets. It also supports RIM’s Liquid Graphics technology, which uses a dedicated graphics processor for smoother scrolling, zooming and panning.

This is only the first in a phase of new roll-outs expected over the next year:

RIM is working on a platform based on the QNX operating system that powers the company’s PlayBook tablet, but handsets for that platform are not expected until 2012.

Covestor models that held RIMM as of 8/3 include:

  • Eagle Portfolio 
  • Diversified Buybacks 
  • Bluenose


Chart from Google Finance,

“RIM unveils challengers to iPhone, Android” Marketwatch, 8/3.

“RIM launches BlackBerry Torch 9810, Torch 9860 and Bold 9900, we go hands-on!” TechCrunch.