Research in Motion Ltd. (RIMM) Gets Clearance to Sell in China
Research in Motion has received clearance to sell its popular BlackBerry device in China after eight years of trying. The Canadian-based company says it's finalizing the delivery of its products there.
RIM Co-Chief Executive Jim Balsillie, speaking on a conference call with analysts last week, said the company was planning to serve corporate customers in key Chinese cities including Beijing, Shanghai and Guangzhou.
RIM's move into China comes as it competes in the United States with Apple Inc.'s heavily hyped iPhone, which began selling in the U.S. last Friday. The iPhone can handle phone calls, e-mail, Web browsing, music and videos.
A manager in RIM's Beijing office was quoted in the Globe and Mail newspaper Wednesday as saying RIM expects to start selling its 8700g handset in Chinese shops at the end of next month and has already received 5,000 advance orders.
RIM Co-Chief Executive Jim Balsillie, speaking on a conference call with analysts last week, said the company was planning to serve corporate customers in key Chinese cities including Beijing, Shanghai and Guangzhou.
RIM's move into China comes as it competes in the United States with Apple Inc.'s heavily hyped iPhone, which began selling in the U.S. last Friday. The iPhone can handle phone calls, e-mail, Web browsing, music and videos.
A manager in RIM's Beijing office was quoted in the Globe and Mail newspaper Wednesday as saying RIM expects to start selling its 8700g handset in Chinese shops at the end of next month and has already received 5,000 advance orders.
Labels: Research in Motion Ltd., RIMM
posted by Stock Administrator @ 6:59 PM
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