RIM Looks Poised to Rake it In
On Friday morning I discussed the relative good news from Nokia (NOK) and what that might mean for Research In Motion (RIMM). I suggested that Nokia's share climb Thursday should lead to some solid pin action for RIM. It did: The stock rose 14% Friday and another 10% Monday.
It's likely that, with Nokia's positive pre-earnings announcement, more people became aware of the low number of BB10 smartphones RIM would have to sell in order to beat the Street's low expectations. After all, Nokia "only" sold 4.4 million Lumias in the last quarter. Yet, judging by the market's reaction, you would think it came close to a more Apple (AAPL)-like 30 million....405 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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