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RIM confident new BlackBerry 10 devices will build long term value


Nov 15, 2012 at 02:54am IST

Toronto: A new line of BlackBerry 10 devices will provide Research In Motion with a framework for growth over the next decade, and the smartphone maker is well on the way to meeting its cost-cutting promises ahead of the January launch, Chief Executive Thorsten Heins said on Wednesday.

Speaking in an interview with Reuters, Heins said RIM had identified $800 million of the $1 billion of savings it promised for the financial year ending in early March, and was confident of finding the rest as it gets ready to launch the new phones.

ALSO SEE BlackBerry 10 finally gets a launch date - January 30, 2013

RIM, based in Waterloo, Ontario, is betting the new smartphones will help it claw back the market share it has lost to the likes of Apple Inc's iPhone and devices powered by Google's Android operating system.

RIM confident new BlackBerry 10 devices will build long term value

RIM is betting the new smartphones will help it claw back the market share it has lost to rivals.

"The message to our shareholders is that we understand this is and has been a difficult time for them and for us. But with the development of the BlackBerry 10 platform we are truly convinced that we will create long-term value for RIM's shareholders and investors."

ALSO SEE BlackBerry 10 devices in stores soon after launch: RIM

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