BlackBerry manufacturer Research in Motion's (RIM's) apparent return from the brink has continued with stock prices increasing again following a rise in rating by Goldman Sachs.
Share values in the Canadian firm rose six per cent after a Goldman analyst suggested the upcoming BlackBerry 10 operating system and a range of new smartphones could provide RIM with a boost that may return it to profit by the end of the February 2014 fiscal year.
Goldman has raised its rating on RIM shares from 'neutral' to 'buy', while share prices in the firm have increased by more than 50 per cent over the last month.
Devices running the new BlackBerry 10 operating system are set for launch on 30 January and Goldman Sachs analyst Simona Jankowski believes the devices are promising.
"With these devices RIM appears to finally be aiming for the leading edge hardware performance that was missing from its prior generations," she said.
However, despite the positivity and recommendation to buy shares in RIM, Jankowski gives the operating system just a three-in-ten chance of being successful.
"We now assess a 30 per cent chance of success for BB10 given positive early reviews, broad-based carrier support, attractive features and interest by carriers and consumers in broadening the field beyond Android/iOS," she wrote in a report.
RIM told Computing that the much delayed BlackBerry 10 is the answer to BYOD. The firm will be hoping businesses and consumers think the same about BB10, with Apple and Android devices gaining an increasing share in the BYOD sphere.
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