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.

Blackberry Share Price: Research In Motion BlackBerry Hit Hard By This – The Details

Blackberry Share Price: Research In Motion Ltd (NASDAQ:BBRY) BlackBerry is one of those companies going through a lot of ups and downs. Just when things can’t look any worse, something good comes about.

On the same token, just when things for BlackBerry seem to be moving in the right direction the company takes a turn for the worse.

Despite the fact that the Research In Motion Ltd (NASDAQ:BBRY) BlackBerry Q10 is selling well in both the UK and Canada, with hope for more of the same in other markets in the months to come, shares dipped by more than 5 percent yesterday thanks to a report by Pacific Crest Securities touching on a lack of sales momentum for the company’s new operating system.

This is hard to believe, being that so many reports have stated that the new BlackBerry Q10 is selling well. In fact, it is the top selling device of its kind in Selfridges department stores in the UK.

Research in Motion Ltd. (BBRY)Image: Research In Motion Ltd (NASDAQ:BBRY)

Pacific Crest analyst James Faucette has an underperform rating on BlackBerry, as he doesn’t believe that sales of the Q10 have been as strong as they should be.

Here is what he had to say in a recent note to clients, as published by

“We believe the production levels of 1.5 million to 2 million units per month are well in excess of the sell-through.”

With this in mind, he noted that the company will likely have to cut production levels in the near future.

As noted above, this is in contrast to what we have heard in the past. For example, Jefferies analyst Peter Misek had good things to say about the Research In Motion Ltd (NASDAQ:BBRY) BlackBerry last week noting that sales have been strong in both Canada and Britain.

Is BlackBerry once again getting the short end of the stick? While the once dominant smartphone company may not be at the top of the industry any longer, it appears to some to be moving in the right direction.

However, Pacific Crest analyst James Faucette is not buying into the company’s current sales numbers, more specifically those attached to the Q10.

Maybe we should let the Research In Motion Ltd (NASDAQ:BBRY) Q10 launch in the rest of North America, as well as other markets, before judging it.

For more on this device, including why some feel that it could put BlackBerry back on the right track, watch the video on the next page:

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.