A wealth management and institutional brokerage firm named Detwiler Fenton has issued a bearish report on RIM. That means that it is a negative report and the firm expects RIM's share price to drop. According to the report, while the Canadian based handset manufacturer will introduce the new OS on January 30th, the first touch screen models will available in March. It won't be until June when the first BB10 handsets with a physical QWERTY will be ready.
RIM CEO Thorsten Heins
The report also notes that AT&T and T-Mobile will launch BlackBerry 10 devices in March while Verizon and Sprint will release their first models in May. As a result, the analysts at Detwiler Fenton expect very limited BB10 sales with the May quarter also impacted by limited shipments to Verizon and Sprint and the lack of QWERTY devices. The firm sees 400,000 BB10 units shipping in the February quarter with 2.2 million to 2.5 million shipping out in the next quarter.
The delayed QWERTY devices are a problem for RIM, according to the firm, because it doesn't see too many upgrades from older legacy devices to full touch screen models. Detwiler Fenton is "skeptical" about RIM's chances for success because of the competition from Samsung, Apple and Microsoft and says that developers have limited interest in the platform, ranking it fourth among the major ecosystems.
RIM's response? "Details of the commercial availability for BlackBerry 10 will be announced at the global launch events on January 30. Our executives have made it clear that the touch screen device will be available shortly after launch with the physical keyboard version to follow shortly after that."
Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon. Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.
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