Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Research In Motion Ltd (BBRY): Q10 Sells As Well As Apple Inc. (AAPL) iPhone?

Research In Motion Ltd (NASDAQ:BBRY) has been gaining a lot of buzz lately as the smartphone underdog in the highly competitive mobile market nowadays, and has been working to make a comeback since its launch of the BlackBerry 10 operating system in January. With an estimated 70 million BlackBerry users around the world currently, Research in Motion Ltd. has a legacy market that is reasonably sized but shrinking, in that  its place in the market has not changed much in the last two to three years while the smartphone market continues to expand.

Relatively speaking, the new flagship Z10 touchscreen device by Research In Motion Ltd (NASDAQ:BBRY) had modest if not spectacular sales in its first couple of months on the market, but there have been indications that longtime BlackBerry users were holding out for a new device with the familiar QWERTY keyboard that has been a BlackBerry staple. Well, if initial sales in the U.K. are any indication – and they might be, according to the BlackBerry CEO – then the Q10 just might be the device for which BlackBerry users have been waiting.

BlackBerry Ltd (BBRY)Could the Q10 be the iPhone of Canada? Thorsten Heins, CEO of Research In Motion Ltd (NASDAQ:BBRY), said Monday during an interview at the Milkin Institute conference in Los Angeles that he believes sales of the Q10 device could just about replenish he entire existing supply of BlackBerry devices. Heins said, “This is going into the installed base of more than 70 million BlackBerry users so we have quite some expectations. We expect several tens of million of units,” he said.

So far, he seems to be basing this on reports out of the U.K. that indicate that the Q10 is the best-selling tech device in the U.K. based on opening-weekend numbers, according to one report from department-store chain Selridge’s, which reported several inventory sellouts in just hours. Considering the overall success of Apple Inc. (NASDAQ:AAPL) iPhones, to even have Selfridge’s make such a claim about the Q10 just might be encouraging indeed. This could also be the momentum that Research In Motion Ltd (NASDAQ:BBRY) might need to carry forward its plans to reveal new devices later this year – rumored to be another flagship device along with a couple of mid-range devices for the highly competitive, low-margin budget smartphone space.

What do you think? Are you a BlackBerry user, and are you part of the pent-up demand for a new keyboard device? Do you have bold predictions for Research In Motion Ltd (NASDAQ:BBRY) going forward? Can it complete its comeback and be a viable tech player once again? Let us know your thoughts in the comments section below.


Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!