bb10

 

Analysts believe RIM’s BB10 has no shot in the mobile market.  RIM hasn’t released a new device in almost a year.  Some carriers claim they have gone months without selling  a single unit at certain retailers.   If the public is not interested in BB10 this might be it for RIM in the mobile market.

Yungjohnnybravo x TatWZA

 

“We believe BB10 is likely to be DOA,” James Faucette, a Pacific Crest analyst in Portland, Oregon, said in a report. He has the equivalent of a sell rating on the shares. “We expect the new OS to be met with a lukewarm response at best and ultimately likely to fail.”

 

RIM shares had climbed 27 percent through yesterday since Sept. 27, the day it reported a narrower second-quarter loss than analysts estimated, with an increase in cash reserves and growth in its customer base. The Standard & Poor’s 500 index has lost 1.3 percent in the same span.

 

[Bloomberg]