Blackberry Mobile Phones Sales Lag Expectation

By Author: Steve Rubel
Total Articles: 18
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RIM was under high expectation by Pierre Ferragu, Bernstein Research analyst, to sell around 11 million of BlackBerrys, however, was dazed to make out sales of only 10.5 millions of BlackBerrys in the fourth month out of 14.1 million of BlackBerrys supplied in the third month of the year.

In his notes to client, Mr. Ferragu also mentioned that Research in Motion is apt to give account of 3.4 billion USD as income opposite 5 billion USD as per his anticipation. Apart from this, the analyst also expects per share gross of approximately 0.72 USD, i.e., 10 per cent below the lower limit of RIM regulation.

This is not for the first time that RIM has missed its regulation but numerous times before, the trademark has gone through same position. RIM had gone through management unexpected result in January as well and due to this, co-CEOs viz. Mike Lazaridis and Jim Balsillie had to budge from their posts and former chief operating officer Thorsten Heins was appointed as new CEO of the company. Though the new CEO promised the company to take it to maximum height, he was holdup upon previous plans. 10 ...
... next-generation devices of BlackBerry, which are due out at some time this year, run on the QNX software which was obtained by RIM in last year, 2010.

Looking at the risks of takeover elevation, Pierre Ferragu has recommended investors to either curtail the stock or stay away from it, believing that this strategy might prevent the miss of further earnings. To this Mr. Ferragu stated that RIM will be losing its grip on earnings for few more periods at the cost of disappointing tactical actions taken by the management. This intricacy for the brand will be continued until it releases its next generation products those are based upon QNX software and are probable to engender improved users toehold. RIM’s PlayBook tablet is already in market and it is said that the new 10 devices of BlackBerry will be working under same software as the PlayBook tabs of RIM. Early sources reveal that there is a great discount on the devices in many parts the world including Canada and India which has increased the number of sales in the respective countries.

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