Blackberry riding on Z10 wave - BBRY, AAPL, 005930 & GOOG

Northern, WI 03/07/2013 (avauncer) - There has been a rise of 6.1 percent in Research In Motion Ltd (NASDAQ:BBRY) shares after Thorsten Heins the Chief Executive Officer told a Spanish newspaper that rival companies smartphone users have been showing a lot of interest in the company’s latest Z10 model. This is an unexpected development as the company had expected a healthy response from its own customers but just a median one from other platforms. That is what is a little surprising said Heins. Research In Motion which is now officially called Blackberry is successively launching its Z10 in one country after another and hopes to win back the large market share chunk that it had lost out to various Apple Inc (NASDAQ:AAPL)’s devices and Galaxy from Samsung Electronics Co., Ltd (KRX:005930).

Exceeding expectations

Heins said that the company’s ambitious expectations have been exceeded and that it production is now on the rise. The company saw the biggest share sales jump in close to three weeks as its shares touched $13.35 and the company stock has seen a rise of 12 percent this year. The company has received a lot of support from operators as they want customers to look at the Z10 as an alternative to Apple Inc (NASDAQ:AAPL) and Samsung Electronics Co., Ltd (KRX:005930) and it is proving to be a real alternative. The Z10 will see its Mexico launch via the America Movil SAB (AMXL)’s Telcel unit. It will be hitting 21 countries by this weekend and the U.K, Canada and India launches are part of it. The Q10 with the physical keyboard, launch date has not been announced yet.

Shares of Research In Motion Ltd (NASDAQ:BBRY) went up  by 6.12% to close at $13.35

Shares of Apple Inc (NASDAQ:AAPL) went down by 1.27% to close at $425.66

Shares of Samsung Electronics Co., Ltd (KRX:005930) went down by 2.56% to close at $1,520,000.00

Shares of Google Inc (NASDAQ:GOOG) went down by 0.86% to close at $831.38