Analyst Sees PlayBook Adding 'Minimum' of 40c to RIM's (RIMM) FY12 EPS
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Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Research In Motion (NASDAQ: RIMM) launched its PlayBook tablet Tuesday, entering the burgeoning market dominated by Apple Inc.'s (NASDAQ: AAPL) iPad.
Evercore analyst Alkesh Shah said, "Enterprise surveys show strong interest and comfort with pricing levels, leading us to expect better-than-expected penetration of the 50 million BlackBerry user base over the next few years."
Shah sees the PlayBook adding a minimum of 40 cents to the company's EPS in fiscal 2012. The analyst reiterated an Overweight rating on RIM.
"Early innings for tablet market and PlayBook looks like a player," Shah added. "We model 55 million tablets to ship in 2011 and 103 million in 2012. For RIMM, we model 4 million PlayBooks to ship in 2011 and 13.5 million in 2012."
Shares of RIM are down 1.90 percent to $53.79 in midday action Tuesday.
Evercore analyst Alkesh Shah said, "Enterprise surveys show strong interest and comfort with pricing levels, leading us to expect better-than-expected penetration of the 50 million BlackBerry user base over the next few years."
Shah sees the PlayBook adding a minimum of 40 cents to the company's EPS in fiscal 2012. The analyst reiterated an Overweight rating on RIM.
"Early innings for tablet market and PlayBook looks like a player," Shah added. "We model 55 million tablets to ship in 2011 and 103 million in 2012. For RIMM, we model 4 million PlayBooks to ship in 2011 and 13.5 million in 2012."
Shares of RIM are down 1.90 percent to $53.79 in midday action Tuesday.
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