What Will RIM's (RIMM) Q4 Announcement Hold? Not Much...
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Price: $14.64 +12.36%
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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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A photo finish might not be needed on this one.
According to the Globe and Mail (GAM) Monday, analysts are remaining uber-reserved on Research In Motion (Nasdaq: RIMM) following research suggesting the company is lacking in the one area it really should not be: smartphone innovation.
RIM is slated to release its fourth-quarter numbers Thursday, what will be the first for newly-dubbed CEO Thorsten Heins. What's going to be on the call? Not much.
Updates on North America and global sales are expected, as is an outlook into macroeconomic conditions. No BlackBerry 10. No new devices. Just pure Heins and investors.
With RIM's current product offerings, analysts basically see no traction. That's not speculation either; recent reports suggest Apple (Nasdaq: AAPL) pushed out RIM in its own backyard (Canada). In the report, RIM shipped 2 million BlackBerry phones in Canada last year, compared with 2.85 million iPhones in the same period.
An analyst from William Blair told GAM sales folk aren't even pushing BlackBerries now, focusing more on Google (Nasdaq: GOOG) Android and Apple devices. As for global growth, RIM's stronghold overseas is being challenged by new devices coming out from Samsung, arguably the world's largest mobile device OEM.
Into the numbers, a UBS analyst sees RIM shipping 11.5 million smartphones and 375,000 PlayBook tablet PCs.
GAM said global smartphone sales is a two-horse race between Apple and Samsung. RIM isn't even in the picture, though the release of BB10 later in 2012 might make the Waterloo, Ontario-based RIM a dark horse candidate moving forward.
Shares ended 2.8 percent better Monday.
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According to the Globe and Mail (GAM) Monday, analysts are remaining uber-reserved on Research In Motion (Nasdaq: RIMM) following research suggesting the company is lacking in the one area it really should not be: smartphone innovation.
RIM is slated to release its fourth-quarter numbers Thursday, what will be the first for newly-dubbed CEO Thorsten Heins. What's going to be on the call? Not much.
Updates on North America and global sales are expected, as is an outlook into macroeconomic conditions. No BlackBerry 10. No new devices. Just pure Heins and investors.
With RIM's current product offerings, analysts basically see no traction. That's not speculation either; recent reports suggest Apple (Nasdaq: AAPL) pushed out RIM in its own backyard (Canada). In the report, RIM shipped 2 million BlackBerry phones in Canada last year, compared with 2.85 million iPhones in the same period.
An analyst from William Blair told GAM sales folk aren't even pushing BlackBerries now, focusing more on Google (Nasdaq: GOOG) Android and Apple devices. As for global growth, RIM's stronghold overseas is being challenged by new devices coming out from Samsung, arguably the world's largest mobile device OEM.
Into the numbers, a UBS analyst sees RIM shipping 11.5 million smartphones and 375,000 PlayBook tablet PCs.
GAM said global smartphone sales is a two-horse race between Apple and Samsung. RIM isn't even in the picture, though the release of BB10 later in 2012 might make the Waterloo, Ontario-based RIM a dark horse candidate moving forward.
Shares ended 2.8 percent better Monday.
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