RIM (RIMM) BB10 Prices 'Too High' for Emerging Markets; Has Limited Opportunity Elsewhere
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Price: $14.64 +12.36%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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Research In Motion (Nasdaq: RIMM) is lower on the session Tuesday amid comments out of UBS over the BlackBerry 10 operating system.
Analyst Phillip Huang said BB10's price points are "too high" for emerging markets, while developed market subscribers are locked into Apple (Nasdaq: AAPL) iOS and Google (Nasdaq: GOOG) Android operating systems.
RIM's best chance at long-term success would be to become a platform independent mobile device management company, Huang noted.
CLSA also commented this morning that RIM has "several risks" associated with the launch of BB10.
Since closing at $17.74 last Thursday, RIM shares have fallen over 15 percent the last three sessions. The stock is down 7.4 percent today.
UBS has RIM at Neutral with a price target of $9.50.
For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news on Research In Motion Ltd. click here.
Shares of Research In Motion Ltd. closed at $16.18 yesterday, with a 52 week range of $6.22-$18.32.
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Analyst Phillip Huang said BB10's price points are "too high" for emerging markets, while developed market subscribers are locked into Apple (Nasdaq: AAPL) iOS and Google (Nasdaq: GOOG) Android operating systems.
RIM's best chance at long-term success would be to become a platform independent mobile device management company, Huang noted.
CLSA also commented this morning that RIM has "several risks" associated with the launch of BB10.
Since closing at $17.74 last Thursday, RIM shares have fallen over 15 percent the last three sessions. The stock is down 7.4 percent today.
UBS has RIM at Neutral with a price target of $9.50.
For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news on Research In Motion Ltd. click here.
Shares of Research In Motion Ltd. closed at $16.18 yesterday, with a 52 week range of $6.22-$18.32.
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