Research In Motion Announced Three New Smartphones Featuring

Financial News Network
August 24, 2011 AT 3:34 AM
Research In Motion (NASDAQ:RIMM) announced three new BlackBerry smartphones featuring the BlackBerry 7 Operating System. The all-new editions include the BlackBerry Curve 9350, BlackBerry Curve 9360 and BlackBerry Curve 9370 smartphone.The models are designed to address a large segment of the global mobile phone market where customers are looking to upgrade their existing feature phone or existing BlackBerry Curve with an affordable, easy-to-use, full-featured and socially-connected smartphone.Mike Lazaridis, President and Co-CEO at Research In Motion said, "These new models will build on the incredible success of the BlackBerry Curve line and further expand the largest global launch of BlackBerry smartphones in our history. The new BlackBerry Curve smartphones are absolutely stunning and offer a significant performance upgrade with an unmatched mobile social experience for the millions of feature phone users in the market as well as our existing Curve customers."Research In Motion has a potential upside of 32% based on a current price of $26.51 and an average consensus analyst price target of $35.