Canaccord Analyst Cuts Sales Estimate for BlackBerry 10 Smartphones

Posted by Techvibes NewsDesk

Another BlackBerry analyst has reduced sales estimates for BlackBerry 10 devices.

Canaccord Genuity analyst Michael Walkley says sales of the smartphones on the BB10 operating system are "mixed."

Citing his research firm's global survey, Z10 sales trends are weakening while the Q10 has seen "strong initial demand" since its release less than a week ago in Canada.

"Given the weaker Z10 sales levels combined with more limited initial supply of the Q10 than our expectations, we are lowering our BB10 sell-in estimates for the May quarter from 3.3 million to 2.8 million units," Walkley wrote.

He expects sales of the new BlackBerrys will be stronger in the short term, but the smartphone maker will be unable to regain enough of the market to keep sustainable profit levels, considering the heightened competition from the Samsung Galaxy S4 and the HTC One.

Analysts have been trying to determine how well the new BlackBerrys are selling before the company releases official numbers on June 28th for a period that will include both U.S. sales of the Z10 and the Q10 in the U.K. and Canada.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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