RIM: Next-generation phones not out till late 2012

TORONTO (AP) - December 15, 2011

Mike Lazaridis, one of the company's co-CEOs, said on a conference call with analysts Thursday that the BlackBerry 10 phones will need a dual processor. He says the chipset will not be available until mid-2012, so the company can now expect the new phones to ship late in the year.

Analysts say RIM's future depends on the new software platform. RIM needs to come up with a compelling BlackBerry as U.S. users have moved on to flashier touch-screen phones such as Apple's iPhone and various competing models that run Google's Android software.

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