Analyst: BlackBerry 10 could be a failure like the BlackBerry PlayBook

Analyst: BlackBerry 10 could be a failure like the BlackBerry PlayBook
On Friday, we told you about institutional brokerage firm Detwiler Fenton's bearish report on RIM that it sent out to its clients. On Monday, two more analysts stepped in with bearish comments of their own. Brian Blair, an analyst at Wedge Partners, compared the anticipation for BlackBerry 10 to that for the BlackBerry PlayBook which ultimately failed to do much for RIM in the tablet market. Blair says the recent rally in the stock, which has seen the price of the shares nearly double to $12 since August, has been overdone.

Pacific Crest analyst James Faucette echoes Blair's bearish stance on BlackBerry 10, saying that despite the update, BB10 won't help RIM get any closer to iOS and Android in terms of features. Faucette said that reviews of BlackBerry 10 will probably show that the OS will offer less than the existing platforms out there. The analyst believes that unless RIM takes an ax to its pricing for the new line of phones it will offer, it will be a "very tough sell."

Not all analysts are bearish on the stock of the Canadian manufacturer. Peter Misek of Jefferies who at one time was like Blair and Faucette, is now bullish on RIM. Misek sees the stock rising as high as $43 in the next 12 months which would require a better than 360% gain from the stock's current price, slightly under $12.


source: BGR

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39 Comments

1. switza93

Posts: 19; Member since: Nov 26, 2012

Good ideas, too far behind

2. Valdomero

Posts: 677; Member since: Nov 13, 2012

as always...

34. PhenomFaz

Posts: 1236; Member since: Sep 26, 2012

could be a failure? more like will be a failure!

11. Roomaku

Posts: 278; Member since: Feb 06, 2012

Nailed it

18. TROLL

Posts: 4851; Member since: Apr 13, 2012

Where is Nicolas Oliver and Pikapowerize?

3. Peter27

Posts: 233; Member since: Jul 13, 2012

feel sorry for the guy who bought rim stocks for was it few millions?

4. imkyle

Posts: 1115; Member since: Nov 18, 2010

The Playbook was a failure for the price. I mean $499 for a wifi only 7 inch tablet.. No thank you.. The minute that price went way down, I jumped on it. Great device with a fantastic browser.

5. downphoenix

Posts: 3165; Member since: Jun 19, 2010

how do they know it will offer less if it hasnt been released yet? I know they are probably basing this on the Playbook launch, but Blackberry has learned a lot from that, and also the company was ran by the 2 Bozos back then, they're no longer calling the shots.

6. theBankRobber

Posts: 682; Member since: Sep 22, 2011

I bet it does better then WP8 lol :P

15. MC1123

Posts: 1256; Member since: Nov 12, 2012

not really, BB has more loyal fans than WP..even though nokia join the WP party... they cant rise that much... very limited... a lot of people find it wierd coz of that live tiles but for me, its a unique experience that is not available to android or iOS..but WP dont have that good experience that what can BB10, android and iOS can give... the only thing that i want to see is that i could change the background with my picture..i hate that it's only black or white (or whatever color)..thats why i think winmo is kinda better with that since it people could actually costumize or personalize their windows mobile device! they should allow them to personalize (i dont know if the deal is still on with personalization) the UI of their

37. RapidCat

Posts: 351; Member since: Jun 12, 2012

I agree man. Bb have loyal fans.

7. BBGrind

Posts: 50; Member since: Jan 17, 2012

That WP8 and others haters who feel threatened by what they see. I have PLAYBOOK and it work very well for what I have it for.

16. MC1123

Posts: 1256; Member since: Nov 12, 2012

+1 they keep on saying negative..but the truth they are just insecure! Playbook works great even without the help of a BB phone!

8. wendygarett unregistered

Overpricing is a major factor that makes bb10 fail... Playbook is an awesome device, just that most analyst don't own ones...

13. MC1123

Posts: 1256; Member since: Nov 12, 2012

totally agree... if it wasnt overprice (heck im a BB fan(but not a fanboy as what nikolas address me) but no deal for a 7" tablet with $500 price tag!!!!) the PB is now worth the money ($149 for 16GB, some even offer 64GB for $200) analysts dont know a thing!!! they just want to say negative to keep it from being succesful!

17. wendygarett unregistered

Nikolas hate rim is because their country loaded too much of bb user... Some people just hate the mainstream device for no reason, let forgive him :)

19. MC1123

Posts: 1256; Member since: Nov 12, 2012

yeah...because he has no life other than tweeting his hatred to BB and crackberry and hating BB!!!

23. Nikolas.Oliver

Posts: 1574; Member since: Jul 01, 2012

You know me so well :)

31. MC1123

Posts: 1256; Member since: Nov 12, 2012

we dont mind you... coz we know you...you got no life! :)

26. Nikolas.Oliver

Posts: 1574; Member since: Jul 01, 2012

I hate rim just like Americans hate Apple Rim is the new apple in my country

32. MC1123

Posts: 1256; Member since: Nov 12, 2012

lol... the people here in PA are not americans...not all of them... coz most americans wants to buy an apple..celebs like iPhone.. you do know that everytime there's an iPhone launch people is willing to wait for the store to open right?! they dont even have that advertisement...while on samsung, they use samsung note 2 on AMAs to advertise..

24. Nikolas.Oliver

Posts: 1574; Member since: Jul 01, 2012

Oh you're a bb fanboy? I get it now

33. MC1123

Posts: 1256; Member since: Nov 12, 2012

no im not!! but thats what you address me right?! didnt you read my whole comment? i dont like the pricing of PB coz it is overprice!

9. Googlethis

Posts: 179; Member since: Jul 05, 2012

have a playbook love useing it when i remember to charge it.

10. XPERIA-KNIGHT unregistered

what this analyst is not seeing or is REFUSING to see is that blackblerry still has a great community of users that ARE going to love this new blackberry, and as time goes on ....others will too.

12. Mxyzptlk unregistered

Do we really need an analyst to point this out? I think the analyst is really Captain Obvious in disguise.

14. MC1123

Posts: 1256; Member since: Nov 12, 2012

analysts dont know a thing!!! they just want to say negative to keep it from being succesful! just like what they say about WP, but now on all tech sites they keep on putting lumia 920 on #1 that is worth to buy this christmas!

20. Rayvelynn

Posts: 124; Member since: Jul 05, 2012

my sentiments exactly

21. ROCKNROLL

Posts: 3; Member since: Dec 10, 2012

Poor boy.....another failure.

22. takay0

Posts: 144; Member since: Mar 25, 2012

the bleackberry playbook is great!! the best OS for tablet! no doubt!

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