Research In Motion has been struggling to stay afloat after a number of missteps over the past few years saw it lose its dominant position in the smartphone market. But things may be looking up for the Canadian company, whose stocks jumped to their highest point since 2011 after chief executive Thorsten Heins said RIM is considering strategic options, including selling off its hardware unit and licensing out its software.
The good news comes ahead of next week’s launch of RIM’s next-generation BlackBerry 10 platform, which is widely expected to be the company’s last chance at survival.
RIM’s shares rose 13 per cent to $17.90 in (£11.28) New York - the highest they’ve been since 1 December 2011. In Toronto, RIM’s stock saw an 11 per cent boost.
In an interview with German newspaper Die Welt, Heins said the company was exploring its options moving forward. Those options, which include “the sale of hardware production as well as licensing of our software,” apparently prompted confidence in the market.
In the spring of 2012, RIM hired JP Morgan and RBC Capital Markets in an effort to help it determine the best course of action moving forward. But while the market appears to be in favour of a possible sale or strategic licensing partnership, RIM’s priority, for now, is BlackBerry 10, Heins told Die Welt.
“First and foremost, it’s important to bring BlackBerry 10 successfully to market,” he said.