Research in Motion Ltd. has introduced a BlackBerry phone with quicker Web browsing and more room for songs and videos, getting a jump on a faster iPhone that analysts expect next month.
The device, called the BlackBerry Bold, has a brighter screen and a better Web browser than previous models, co-Chief Executive James Balsillie said. The phone, which also has satellite navigation and a video camera, will start selling at AT&T; Inc. for $300 to $400 this summer in the U.S. The product sets up a showdown between Apple Inc. CEO Steve Jobs and Balsillie in the market for so-called third-generation phones, which offer speedier Web access and video downloads.
Shares of Research in Motion rose $9.20, or 6.9%, to $141.97. Apple shares advanced $4.71, or 2.6%, to $188.16.