RIM flooded with BB10 apps as stock rallies

Some good news for Waterloo, Ont.-based BlackBerry makerResearch in Motion (TSX: RIM) this week as it gears up for the launch of its new BlackBerry 10 OS and handset on January 30th: developers want on board, and investors seem a little more positive as well.

RIM said Monday it was extending the deadline for its Built for BlackBerry incentive program after receiving more than 19,000 applications. The overwhelming response to the program, designed to showcase BlackBerry 10 apps that have received a level of review from RIM and will get an extra marketing push, ensures the rebranded BlackBerry World (formerly BlackBerry App World) will be in good shape when BB10 launches later this month.

RELATED STORY: Up close and personal with BlackBerry 10 alpha

According to TechCrunch, RIM claims “BB10 will have more apps at launch than any other mobile operating system.”

In other positive RIM news, while U.S. markets were closed for the Martin Luther King Jr. holiday on Monday, RIM’s shares jumped by more than 10 per cent on the Toronto Stock Exchange, closing the day at $17.41. RIM’s stock been rallying of late, following a low-point of $6.25 in September.

Report on Business points to two possible reasons for Monday’s rally: RIM CEO Thorsten Heins told a German newspaper, Die Welt, that he hasn’t ruled-out licensing the Blackberry OS or selling the hardware division – comments he has made preciously – and “bullish” research notes from several analysts.

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Jim Love, Chief Content Officer, IT World Canada

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Jeff Jedras
Jeff Jedras
A veteran technology and business journalist, Jeff Jedras began his career in technology journalism in the late 1990s, covering the booming (and later busting) Ottawa technology sector for Silicon Valley North and the Ottawa Business Journal, as well as everything from municipal politics to real estate. He later covered the technology scene in Vancouver before joining IT World Canada in Toronto in 2005, covering enterprise IT for ComputerWorld Canada. He would go on to cover the channel as an assistant editor with CDN. His writing has appeared in the Vancouver Sun, the Ottawa Citizen and a wide range of industry trade publications.

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