TORONTO (AP) -- BlackBerry-maker Research In Motion (NYSE:BB) says its much-delayed new smartphones are now being tested by 50 wireless carriers around the world.
The Canadian company on Wednesday called it a critical milestone as it prepares to launch the new BlackBerry 10 software and phones in the first quarter of next year.
The phones are seen as critical to RIM's survival. The release will come as the company struggles to attract customers who are abandoning BlackBerrys for flashier iPhones and Android phones.
New CEO Thorsten Heins had vowed to do everything he could to release BlackBerry 10 this year but said in June that the timetable wasn't realistic.
RIM was once Canada's most valuable company with a market value of more than $80 billion in 2008, but the stock has plummeted since.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Why BlackBerry Stock Should Be on Your Buy List in 2018
BlackBerry has a lot going for it in the new year.
Why BlackBerry, Ulta Salon, and Advanced Micro Devices Jumped Today
These stocks led the market higher. Find out why.
Why BlackBerry Limited Stock Jumped Wednesday
Here's what you should know about Baidu's new partnership with this tech giant.