Analyst: Don't Expect RIM's BB10 Until March 2013
October 9, 2012 3:00 PM
comment(s) - last by
Analysts hoped RIM would launch the platform in January; still no OFFICIAL word, yet
It sounds like it could be more bad news for a familiar struggling player in the smartphone industry -- but take this one with a grain of salt.
Jefferies analyst Peter Misek is
back to his old ways
, spreading a tale of gloom and doom regarding Research in Motion, Ltd. (
Regarding RIM's ambiguous "Q1 2013" launch of its
upcoming BlackBerry 10 (BB10)
smartphone operating system and new device lineup, he warns, "We had hoped for a January launch but now see a March launch as more likely. Also, our checks point to a tough November quarter, with replenishment rates decreasing as channel partners are cautious on holding RIM inventory. We think the business uncertainty means parties are unlikely to acquire or license from RIM until BB10 launches."
He adds, "We still believe a third ecosystem [in addition to iOS and Android] will emerge, but the probability of BB10 filling the role is wholly dependent on whether RIM can convince Samsung, Huawei, and ZTE to license. Baidu, Huawei, and others are pursuing their own operating systems. We also see Win 8 as somewhat of a threat but conflicting reviews, less-than-stellar developer feedback, and a desire by Microsoft to make hardware directly make Win 8."
So far if RIM has a
up its sleeve, it hasn't announced it yet. Thus far all of the RIM's
announced BB10 devices
have been first-party designs, the company's traditional bread and butter.
An analyst claims the RIMdenberg won't be delivering BB10 devices as early as anticipated.
[Image Source: Jason Mick/DailyTech LLC]
Of course Mr. Misek had
All Things Digital
, "It’s going to be terrible with a scoop of worse for August."
Instead RIM handily beat Mr. Misek's financial prediction. The fiscal surprise came thanks to strong cost cutting, and was in spite of the fact that RIM largely met Mr. Misek's gloomy prediction on the unit sales front.
The facts are simple -- RIM has delayed BB10 by over a year so far. And its volumes lay decimated at a fraction of their former glory.
However, it's worth taking Mr. Misek and other analysts' "inside" information with a bit of skepticism, until the same news comes straight from horse's mouth (which it oft does). After all, those same aforementioned dire metrics have certain parties greedily eyeing
a fire sale purchase
of the embattled phonemaker, and every bit of extra bad news -- true or not -- likely sweetens the price.
This article is over a month old, voting and posting comments is disabled
RE: Analysts are dumb
10/10/2012 5:12:55 PM
Their numbers don't look bad at all? Now I know why you're voting for Obama, if RIM is "doing fine" in your book then you think this economy is fantastic!
From their last quarterly statement, which just landed not long ago..
-613 million net income.
-31% revenue growth.
-4% profit margin.
2.06 billion cash reserves.
You say their numbers look good in a vacuum. Is vacuum a new word on the streets for meth lab?
Key numbers are the net income and cash reserves, which is why analysts say they can either execute a fantastic BB10 launch, or they're bankrupt. Math. Use it. Wow.
"We shipped it on Saturday. Then on Sunday, we rested." -- Steve Jobs on the iPad launch
RIM CEO: We Want to be in Third Place
September 26, 2012, 11:11 AM
RIM's BlackBerry 10 Phones to Get HD Display
August 16, 2012, 1:34 PM
Report: IBM Wants to Buy RIM's Enterprise Service Unit if BB10 Flops
August 10, 2012, 12:12 PM
Analysts: "RIM’s Death Spiral" Hits the "Third Inning"
June 28, 2012, 1:05 PM
RIM Doesn't Want to Sell Itself, Hopes Instead for a "Strategic Investment"
April 17, 2012, 5:28 PM
Google Testing Smart Thermostat in St. Louis
December 17, 2013, 11:43 AM
Microsoft Wins "Synchronized Calendar" Patent Case Against Motorola Mobility
December 17, 2013, 11:23 AM
President Barack Obama Meeting with Tech Leaders to Discuss HealthCare.gov, NSA
December 17, 2013, 10:59 AM
Quick Note: E-Waste to Increase by One-Third by 2017, U.S. Leads in E-Waste Output
December 16, 2013, 12:20 PM
Amazon Announces No Interest, Kindle Fire HDX Payment Plan
December 16, 2013, 10:35 AM
Google Removes "App Ops" Privacy Control Feature from Android 4.4.2
December 16, 2013, 9:29 AM
Most Popular Articles
Report: Windows 8.2 Revives Start Menu, Runs Metro Apps in Desktop Mode
December 10, 2013, 2:56 PM
Chinese Media Puts Positive Spin on Its Smog Problem, Touts 5 "Benefits"
December 11, 2013, 12:39 PM
China's Lunar Rover Enters Orbit, Prepares for Historic Sat. Landing
December 13, 2013, 5:00 PM
The History of Normandy: How Nokia Plotted a Low-End Android Line
December 11, 2013, 8:12 PM
Metro-Enabled Firefox Browser Expected to Land After Two Years of Work
December 12, 2013, 5:21 PM
Latest Blog Posts
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
AT&T Explores $100B+ USD Deal to Acquire Vodafone's European Operations
Nov 4, 2013, 7:34 AM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information