Research in Motion Ltd. (BBRY): Analysts Bearish on BB10

Page 1 of 2

Research in Motion Ltd. (NASDAQ:BBRY) … er, I mean, Blackberry Ltd. (time to catch up, Google Finance and Yahoo! Finance) has been facing a string of negative news surrounding its BlackBerry devices and its operating system. After 18 months of troubles, the company was launching its new BlackBerry 10 operating system in a hope of re-energizing the brand. And after some initial reports out of the U.K. of brisk sales and even some inventory sell-outs in some retail stores, it seems that the truth may be coming out.

And the truth is, some analysts are feeling pretty bearish about where Research in Motion Ltd. (NASDAQ:BBRY) is going from here. This news comes at perhaps a bad time, as the company is expecting to launch BlackBerry 10 in the U.S. in about two to three weeks. Whatever momentum the company might have gathered in Europe may very well be gone by mid-March in the U.S. with talk of some new smartphone devices coming out in the next couple months – namely, a new Apple Inc. (NASDAQ:AAPL) iPhone, the Samsung Galaxy S4 and some new Microsoft Corporation (NASDAQ:MSFT) Windows Phone devices.

BlackBerry Ltd (BBRY)Research in Motion Ltd. (NASDAQ:BBRY) – I mean, BlackBerry Ltd. – is likely to see its stock fall to $7 per share, according to Michael Genovese of MKM Partners. He went so far as to declare that there is a “90 percent chance” that the new OS will fail. As of 1:30 p.m. Friday, BBRY stock was selling at $13.33 per share, which is down nearly 4 percent on the day. Genovese downgraded the stock to “sell,” citing a decided lack of applications that will lead to the demise of the OS, though MKM likes the OS.

“Without a much larger and popular set of applications to choose from, we believe consumers will have little incentive to switch to (BlackBerry 10) from Android or Apple devices,” Genovese wrote in his note.

What do other analysts say? Their focus was on the sales numbers so far.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!