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TheStreet Open House

BlackBerry: How It Can Rise Nearly 50%

Stocks in this article: BBRY

BlackBerry CEO Thorsten Heins recently made some comments about iOS and the operating system showing its age. "History repeats itself again I guess ... the rate of innovation is so high in our industry that if you don't innovate at that speed you can be replaced pretty quickly," Heins said during an interview with Australian Financial Review. "The user interface on the iPhone, with all due respect for what this invention was all about, is now five years old."

Heins went on to talk about how the BlackBerry 10 is capable of running multiple apps at the same time, whereas iOS is not. At launch, BlackBerry 10 has around 100,000 apps, with many of them ported from Android, a far cry from Android and iOS, which both have around 700,000 apps. This is actually more than some on the Street were expecting, and could mean that BlackBerry 10 has a shelf life.


"Since we believe a vibrant apps ecosystem is vital to the success of BB10 longer-term, we see this as step in the right direction, at least leaving the door open to the company possibly making a successful turnaround," Gelblum penned in his note.

BlackBerry shares were higher in premarket trading Wednesday, up 6.12% to $15.95.

-- Written by Chris Ciaccia in New York

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