Analyst Thinks Street is Too Far Ahead on Initial BlackBerry (BBRY) Z10 Sales

February 20, 2013 1:47 PM EST
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BlackBerry (Nasdaq: BBRY) is looking a little pressured today amid more BlackBerry 10 sales estimates from the Street today.

Pacfic Crest's James Faucette said his checks point to Z10 shipments of 275,000 to 300,000 units for the quarter. He noted that the current Street consensus is calling for about one million units to be shipped in the March quarter.

For the May quarter, Faucette applied assumptions for channel fill in the U.S. as well as normal rates of decay and came up with a ship-in of about one to 1.5 million units. The number compares with consensus views calling for about three to four million.

Faucette thinks sell-though in markets that have historically been some of BlackBerry's strongest may not be matching expectations. As a result, he is skeptical that the BB10 will alter BlackBerry's trajectory in any meaningful way.

Shares of BlackBerry are down about 3 percent Wednesday.

For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.

Shares of BlackBerry closed at $14.36 yesterday.

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