May 2, 2011

RIM Unveils New BlackBerry Bold

Research in Motion (RIM) unveiled an updated BlackBerry Bold smartphone on Monday, alongside some new enhancements to its latests operating system.

RIM said the touchscreen phone would have more processing power than the Torch, which is said to be a worthy competitor to the iPhone.

"The new BlackBerry Bold smartphones and BlackBerry 7 OS are inspired by millions of customers around the world who want the ultimate combination of performance, functionality and style," Mike Lazaridis, President and Co-CEO, Research In Motion, said in a statement.

"These fully-loaded and beautifully crafted smartphones offer a highly refined user experience with blazingly fast performance, a brilliant touch screen and an outstanding typing experience."

Last week, RIM pushed profit expectations lower just weeks after it issued a gloomy outlook for its results.

"It's not so much any individual product that's going to change investors' perception of the stock. It's going to take an upgrade of the entire product portfolio with the operating system upgrades," Evercore Partners analyst Alkesh Shah told Reuters after Monday's announcement.

The new Bold has a 2.8-inch screen and retains the company's trademark physical qwerty keyboard with a 1.2 GHz processor.  Executives said at the annual BlackBerry World conference in Orlando, Florida that it will ship with a near-field communication (NFC) chip, allowing the phone to be used as a mobile wallet.

The Bold will also feature HD video recording and will support 4G networks.

RIM also launched a video chat application for its new PlayBook tablet computer and said it would buy device management company Ubitexx.

The Canadian company said it will offer to host Apple and Android devices on its secure BlackBerry Enterprise Server.

RIM launched BlackBerry Balance, which is a program to allow corporate and personal data to coexists without compromising confidential communication.


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