RIM loses BlackBerry subscribers for first time

UPDATED 18:09 PM EST, December 20, 2012

TORONTO (AP) — BlackBerry-maker Research In Motion, which is already struggling with plunging sales, said Thursday it lost subscribers for the first time in the latest quarter, as the global number of BlackBerry users dipped to 79 million.

But the Canadian company added to its cash position as it prepares to launch new smartphones on Jan. 30 that are deemed critical to the company's survival.

RIM's stock jumped $1.02, or 7 percent, to $15.14 in after-hours trading. That continued a three-month rally that has seen the stock more than double from its lowest level since 2003.

Loading...