Phoenix LXXII: Send in the Clowns
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02-14-2013, 03:47 PM
Join Date: Dec 2002
Location: 48th State
Originally Posted by
Well that sucks. With the buzz surrounding the Z10, I would have expected him to be back into the billionaire category by the end of the year...
You mean the negative buzz?
U.S. wireless carriers are not optimistic about the prospects for the BlackBerry Z10 touchscreen smartphone, Wedge Partners analyst Brian Blair asserts in a research note today.
BlackBerry (BBRY) shares continued down on Thursday morning after a research note from Wednesday evening called the company’s comeback prospects into question once again. In a note to investors picked up by Barron’s, National Bank Financial analyst Kris Thompson cut his revenue and profit forecast for BlackBerry’s upcoming fiscal year while casting doubt on its prospects with the BlackBerry Z10 in light of what he calls a delayed U.S. launch.
“For the record, we like the Z10. It’s a great upgrade for BlackBerry subscribers,” Thompson wrote. “But we don’t see the product reversing BlackBerry’s market share decline; only providing a short-term stabilization from BB6/7 upgrades. We do not expect the platform to win over many iOS or Android users. The apps just aren’t there; and apps are not moving to the web browser soon enough to fill this void.”
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