Two days ago, RIM CEO Thorsten Heins unveiled the new BlackBerry 10 platform, but investors don’t seem impressed: today, the BlackBerry manufacturer’s stock hit an eight-year low of $11.91 on the Toronto Stock Exchange. Stock reached a high of $14.46 in anticipation of the BB10 reveal, but after Heins pulled out the BlackBerry 10 Dev Alpha handset and finished presenting his plans, the stock price has dropped like a staircase each day since.
RIM stock price falls to eight-year low following BlackBerry 10 reveal
BlackBerry manufacturer RIM’s stock hit an eight-year low of $11.91 on the Toronto Stock Exchange.
BlackBerry manufacturer RIM’s stock hit an eight-year low of $11.91 on the Toronto Stock Exchange.
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget.
It’s not uncommon for stock prices to sink even after an positive announcement for a company — for instance, Apple’s stock sank after the company revealed the iPhone 4S — but considering that this is the lowest the company’s stock price has been since 2003, when the company’s value was beginning to ramp after a serious decline, it’s still worth noting.
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