It was supposed to be the mobile OS that would change everything, but the only thing that has changed is Research In Motion's RIMM share price.
The stock is down another six percent today, signaling a potential end to RIM's golden child status on Wall Street. The company will officially change its name and its ticker to BlackBerry BBRY on Monday, February 4, but that is unlikely to reinvigorate the struggling brand.
"A lot of [investors] hoped that the launch would be really great and that it would really foster positive sentiment among investors and then it would really boost the share price," Jan Dawson, Ovum's Chief Telecoms Analyst, told Benzinga. "That didn't happen in practice. The launch was good [but] it's not obvious that it's going to do super well. I think that's why you've seen the sell-off -- a lot of people were buying on the potential, and the potential wasn't really realized in practice."
This week Yahoo Finance YHOO conducted a poll on the matter, asking traders, "How interested are you in buying a BlackBerry 10?"
Market News and Data brought to you by Benzinga APIs- Very interested, I think they're on to something big (8,584 votes) -- 11 percent
- Somewhat interested, I'm waiting on the reviews (9,908 votes) -- 13 percent
- Not interested, I'm sticking with what I have (57,305 votes) -- 76 percent
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