Canaccord sees strong global BlackBerry 7 sales in September

Business

Global sales of Research In Motion’s latest round of BlackBerry smartphones were solid in September according to checks performed by Canaccord’s Mike Walkley. The analyst said in a research note on Monday that initial sales of RIM’s new phones such as the BlackBerry Bold 9900 and BlackBerry Torch 9810 have been strong, especially among enterprise customers upgrading from older BlackBerry smartphones. ”Our September checks indicated solid global sales of new BlackBerry 7 smartphones, with strong initial enterprise upgrade sales of the Bold at Verizon, strong initial sales of the Bold in certain markets in Europe, and solid sales of the Torch at AT&T with its $49 price,” Walkley wrote, noting that sell-through to consumers has been weak at Verizon Wireless, Sprint and T-Mobile. Read on for more.

The analyst also stated that demand for entry-level BlackBerry 7 handsets in emerging markets like Latin American and Southeast Asia has weakened due to the onslaught of competitively priced Android smartphones. Looking forward, Walkley does not see RIM as an attractive candidate for a takeover in the near future. ”Given our belief QNX has a low probability of emerging as a viable long-term smartphone ecosystem versus iOS, Android or even Windows, combined with our belief RIM will struggle to grow its subscriber base longer term, we do not believe RIM can sell the company at a large premium to the current valuation,” Walkley noted, reiterating a Hold rating on RIM stock with a price target of $28.

55 Comments
  • Bringit

    SELL!  SELL!  SELL!

    • Applesucksfatties

      Are you typing comments from your i3GS while you wait in line for your i3GS+ (greeting card edition)?  

  • Bullyboyb

    You will be very lucky to find a bold 9900 in any retail store in the U.K. Have been looking for 3 weeks now. They have upped the contract prices just to slow demand. My friend got his at release for £31 a month, the chepeast you will get now is £41 on any network. Selling like hot cakes.

    • Dead cat bounce

      Darn, you mean they sold both of them?

  • Anonymous

    Lol. Sounds pretty grim. Their best markets are weakening. No one wants to type on a physical keyboard. RIM will be dead in two years  true story™©®

    • Applesucksfatties

      Yeah…the 9900 is sold out practically everywhere…..yet “nobody wants to type on a physical keyboard”.   Can you change your cut and paste commentto read “Nobody wants to read my mindless cut n paste comments.   Hopefully I’ll be dead in two years.”

      • numetheus

        That means absolutely nothing when stores in the US carry 1 or 2 units because nobody buys them here. They aren’t hurting in the market because everyone is buying them. They are hurting in the market because people aren’t. people saying blackberry is selling like hotcakes is heresay. Stock price at an all time low and not really picking up shows people are full of crap. RIM is hurting …. you can pad reality with a “selling like hotcakes” pillow, but real numbers tell the true story. RIM is not doing well.

      • Applesucksfatties

        It isn’t hearsay when O2 is out of stock until October 30th and Vodafone has been intermittently out of stock.  And I agree, real numbers will tell the story…. the next quarterly earnings will be a full quarter of most BB7 devices…   I’m curious to see how the Bold 9900 will sell once AT&T gets off of their arse and releases it….

      • numetheus

        Yes they are sold out here in the US too. My point is, it means absolutely nothing. Our stores only carry 1 or 2 units because they don’t sell. So if they sell out of 1 or 2 units it tells a completely different story than iPhone or an Android phone selling out where they carry 50 or as much as 100 in store.

        People have been saying Blackberry devices are selling out for a while, but it doesn’t help their standing because “selling out” of 2 devices ultimately means they sold 2 devices … nothing more.

        Now, I don’t claim to know how many they have in stock there. I just know that here …. nobody buys Blackberry devices.

      • Applesucksfatties

        @numetheus:disqus  – so since you don’t have any quantitative data showing “how poor BlackBerrys are selling”, everyone reading your comment should dismiss your ASSUMPTIONS.  The actual truth will come at the next earnings call….

        On a side note.. I know RIM has some issues with product release timeliness, being more innovative, etc.. but comments like yours don’t help the PERCEPTION of RIM.  You don’t KNOW how good or not good they are selling, you are only SPECULATING based on your opinion of BB7 and your knowledge of the industry.

      • numetheus

        Really? Some of you are naive. Based on the LAST earning call we see that RIM was doing poorly. Same with the one prior to that. Based on common knowledge of ANY industry, if there was significant change for THIS earning call, we would have seen their stock rise. These things NEVER change drastically with the next earning call without a major change and everyone knowing about it. So, based on what we see now (RIMM is at 23.8), they have fallen since last call. Does this REALLY give you hope that it will be a better one? These things are ALWAYS assumptions. BUT they are assumptions backed by trending facts.

        Tell me Applesucksfatties … what has happened since last earnings call that would make us believe there would be a drastic improvement? Because I will tell you this … your belief that things will be a lot better is far more of an OFF assumption than speculation that the next earning call will be terrible. I guess people like yourself have your head too far in the sand to realize that your darling company is falling. In your mind, they are probably top, or even doing well in the industry. Pathetic.

    • Ulysses Grant

      Scroat, you are pretty much a RIM hater. You troll around BGR, find articles related to RIM and write the same comment that RIM will be dead in two years. True story.

      What a loser….

    • http://www.rimarkable.com Robb Dunewood

      The physical keyboard is still strength for the BlackBerry.  I think that people are just getting tired of having to choose the physical keyboard for a plethora of really good applications

    • numetheus

      No. The keyboard is awesome. That’s not why they are not doing well. It’s the crap Blackberry OS that turns people away. Blackberry hardware and something updated with lots of Alps would sell wonders.

    • Anonymous

      LOL, people were saying that about RIM way back when the Bold 9000 came out, as in the past, your wrong…..again

  • Anonymous

    Loving my 9900

  • Macktheknife

    So, how long till you guys report the correction to your Samsung/ Google postpone Nexus event due to patent dispute. You know, the one that was thoroughly disputed by everyone else?

    see 9to5google

  • Anonymous

    HAHAHAHAHHA, hey, I’ll have a little what he’s smoking!   Android is eating up Blackberry, Apple is getting what’s left.  Add in facts of these long Outages of not being able to get your mail, etc.  I’d be pissed.  People are fleeing for the iphone and Android.  

    • Anonymous

      I recently went from an old Bold 9000 to an iPhone 4, Although the iPhone is a great phone Battery life issues and the virtual keyboard drove me back to my old 9000, when my battery dies in my Bold i pop in a spare battery, my 14 year daughter loves the iPhone though.

      • Anonymous

        Disqus generic email templateWhen your always using a blackberry, your used to using those little buttons!!! It takes time to get used to the texting on the screen. The problem with the whole battery thing, and this is experience using my HP iPaq with Windows Mobile 5, is that first you have to make sure that spare battery is charged up, right! So you have to do a full shutdown on your device, then Pop the second battery in, and then Wait while it boots back up so that you can Log in and make sure your battery is full. You also have to carry that battery around with you everywhere you go so IF you need it you have it! Then there’s the issue of wear and tear on the battery cover to opening and closing it all the time. At some point it could just start popping off on you. Besides I really don’t have a issue with my battery going dead! Between my iHome Alarm clock that I Dock my iphone up to each night when I go to bed, to my power Cable in my truck to keep it fully charged while going to work as I’m streaming Music and using Trapster, to my Cable at work that I can plug my iphone in for a little booster charge if need be which isn’t much. I have in the past like left Trapster running, and since it uses the GPS, the GPS is a big battery drain, I’d grab my phone a few hours later and see a huge drain on my battery and so I would then plug it in at work. Trapster is now smarter. When it see’s that your not moving at so long, it stops using the GPS and so saves the battery. By the time the battery goes dead in my iphone, I’d have gotten a new one 2 years later anyway, long before it would ever fail. If I was a really heavy iPhone user, maybe not charge quite every day, there are extended Battery Cases to put your iphone in that can more then double battery life. No swapping required at all. That would be the way I go. It just works. Simple, and phone is protected.
        Some people really like a real keyboard though. Really nothing wrong with that other then maybe limiting your choices some. Your used to your Bold. It feels right in your hand after all this time!

  • http://twitter.com/hasan1 Hasan

    9900 is the worst. The touch screen doesnt even deactivate when im on the phone.

    • Jroll

      Your an idiot who must be holding it wrong. The sensor is directly next to the led indicator, so to make this simple, that end goes up to your ear.

    • Dave

      something must be wrong with yours take it back! because I tried my friend’s it it worked fine!

    • zacamandapio

      Hasan,
      Mine works just great.  Sorry for your device.
      And no, it’s not the worst.  It’s the best.
      Fast, best keyboard, capacitive Hi/Res screen, HD camera, etc.

  • http://twitter.com/jaytee1o4 jaytee1o4

    loving my 9900. My aunt needed some help with her android phone and even for the 5 min it took to help her it brought back all the nightmare of using android 

    • Anonymous

      Yeah, retarded people should stick with blackberry.

      • Anonymous

        I’m a “geek” and have mostly linux throughout my household.  I think android is a disorganized and confusing os to use.  Not impressed at all with Google’s implementation.  Say what you will about blackberries, windows phone or ios, they are all easier to use than anything the android community has available.

      • Applesucksfatties

        Speaking of retarded people… did you take the short bus to the library to post this riveting comment?

      • Dead Cat Bounce

        is that where you’ve been going for the last four days?

      • Applesucksfatties

        @368bfb71a4c5e1db086d279f101ca5ef:disqus  – sure.. SMOKE N MIRRORS… aka multiple personality disorder.   

      • zacamandapio

        IMO people shouldn’t offend others just for your electronics preference.
        If you drive a Mercedes or Hyundai you’re still a human being.
        What you said is phucked up.

  • Alex Hugohr

    You have a very good market in Nigeria…they are buying your phones like demented people…as 4 we, we stay iPhone…iChat

    • zacamandapio

      Translator please?

  • Jroll

    Where is the link to the report? I would be interested in the reading the whole thing to see where they are coming from. Its funny how analyst can speculate on an OS that isn’t even out yet. 

  • Anonymous

    I think the analyst got it backwards. Sell through is probably weak at att because they aren’t releasing the 9900. Everywhere else that it is available, its selling out.

    And for the record, the launch of these devices was in something upwards of 160 markets…I highly doubt any us based analyst would have that information on weak sales in asia and central america. All their focus is on the us market not global, and its skewed greatly.

    FYI- maybe a source would be a nice thing? I hear it adds credibility, and the absence of one reduces it. Imagine that?

    • Jroll

      Why post sources? BGR basis the majority of its “stories” on sensationalism from rumor and skewed information. Remember the Jesus phone 5?  

  • http://twitter.com/BeanTNT Bean

    nice ploy…. won’t work

  • Anonymous

    ”Given our belief QNX has a low probability of emerging as a viable long-term smartphone ecosystem versus iOS, Android or even Windows,” Walkley noted, reiterating a Hold rating on RIM 

    WTF, NOT VIABLE? and Hold rating? based on his belief it should be Sell fast and run to the mountains. this analyst is an idiot.

  • Anonymous

    agree with everyone else, Bold 9900 is sweet, love the keyboardq

  • SniperSniper

    Yeah, I got a Torch 2 OS7 device. Upgraded from a 9800 Torch one.

    I kick myself everyday, as the phone gets slower and slower, even after battery pulls.

    I see the hourglass for 40 seconds at a time, you know HOW IT IS NOT TO BE ABLE TO USE YOUR PHONE FOR “FORTY SECONDS!”??  This happens after a fresh battery pull.

    My slow 9800 never did this with OS6

    Yeah.. Os7 is so GREAT… YEAH RIGHT (sarcastic)

    • Applesucksfatties

      I’m curious how many apps you have installed and how many are running in the background when your Torch 2 freezes?

    • Anonymous

      I got the torch 2 the day it came out.  And have seen hourglass maybe 5 times total.  Only when installing new apps.  It’s pretty obvious you didn’t buy a Torch 2.

      Probably bought a BleckBerry or BlackBarry or something.

  • Anonymous

    Anyone involved with this company or device are completely DELUSIONAL!! Go to any retail store or carrier store & they’ll tell you they don’t think RIM’s new phones are selling very well! They’ll tell anyone that asks that RIM only sends about 6-10 of each phone to each store, at a time! FACT!! They’ll say: “The Bold 9900 is selling well!” I’ll say: “has it sold millions, worldwide?” They’ll say: “No! I don’t think so!” FAIL!!! If you’re not selling “millions” of your products in 2011 & beyond, you ain’t selling s*%&!! These guys are done for! Analysts, investors & the “colluding” blogger/media-hoard can “prop” up this companies stock price all they want, while they “drool” over dividends, buy-backs & a possible takeover, down the road (which are all signs of a WEAK company by the way!). Nothing they do will change reality: RIM has bad management & makes terrible products, while running on an “ancient” network that seems to “fail” quite frequently (yesterday & today). They’ve been left behind. You can choose to sink into the ocean with them if you want!

    • Bullyboyb

      Wow, I think you are just misguided and misinformed. I am not going to argue with you on the number of phones RIM sends to each store especially the OS7 devices because we both don’t know the truth about that and guessing makes us no better than the analysts you appear to despise.
      It is clear to me that you have no intention of buying a bb OS7 device. Naturally you wouldn’t have gone shopping for one and therefore haven’t sp oken to any sales stuff regarding said devices. (Unless it is your job to research BB sales and stocks, that’s if you have one at all).
      In conclusion, I would rather believe some so called analyst who is paid to look into said sales figures and trends than believe you, a clueless layman off the street who has not made a single enquiry about a bb device and is making an judgement on a product based on quasi emotional decisions, backed by half arsed logic and flawed common sense.
      Your comments about RIM being a company that is struggling are based on information you have read that has been provided by the same analysts you choose to disagree with when it suits you.
      Little information is dangerous.

      • Applesucksfatties

        Dont worry, many people have called out the tech junkie (aka Apple troll) SBMobile….but he still continues to grace us with his usual smattering of RIM rants laced with inaccurate information and 3rd grade logic.

      • Anonymous

        Wow! All the time it took you to write about how you don’t “feel” & “think”!?! Dude, because you don’t feel or think something doesn’t automatically make you right or in anyway accurate about your “feelings”! Like I said before, go to any retail or carrier store & ASK them how many phones they get on deliveries. Simple. You can go to a few stores to make-up a reasonable stat, just like they taught in the 9th-grade. SMH! By the way, any numbers I use to qualify or quantify RIM are usually from RIM! That’s the only real way to determine what’s going on with this company. Analysts can say what they want, but usually cold, hard facts come from the “horses mouth”. Analysts only regurgitate what companies want them to tell the press, but realistically the numbers make everything real. If RIM is such a good company, then they’ll have NO problems when they report their earnings at the end of the month. I’m sure all of your feelings & thoughts will do them a lot of good! BB’s aren’t selling. (e.g. RIM sold 1,000 phones last quarter & have sold 1,500 this quarter; Apple sold 20M phones last quarter & 29.75M this quarter. That what I mean buy they aren’t selling any phones. The number of phones RIM sells is irrelevant in comparison to their top competitor. That’s the only metric that counts. It’s funny, because what you concluded to basically described RIM’s management precisely! lol

      • Applesucksfatties

        Has anyone told you that you are a moron?   1.  RIM sold far more than 1000 handsets last quarter.. and will sell FAR more than 1500 handsets this quarter.  2.   “The number of phones RIM sells is irrelevant in comparison to their top competitor. That’s the only metric that counts.”  – sure buddy.. because it can be successful or turn a profit unless it sells as many handsets as Apple.   

        Get a life Apple troll..and stop posting on RIM articles..  reading your comments is starting to bring down my IQ.

      • Anonymous

        Your right! RIM’s doing splendid! You should invest & buy all of their new products because they put so much handwork & detail into each one! lol! Their services are the best & OH YA, they have e-mail! Amazing! That’s sarcasm, if you didn’t notice, since your I.Q. has fallen! Don’t blame me for your LOW-level of intelligence. People are delusional because they start believing their lies after a while. Seek help! RIM cheerleading & kool-aid drinking will only have you suffering A LOT more in the near future!

    • Applesucksfatties

      Hey…it is the  ”tech junkie” dimwit SBmobile sharing his trollish, and unintelligent, thoughts about RIM…..I’m sure while waiting in line to upgrade his i3GS to an i3GS+.  

  • Dave

    the 9900 is the best blackberry to date I tried my friend’s 9900 I was really impressed its a really nice device its fast and very well built.

  • Jamma3

    Just remember RIM died two years ago…analyst also saw the problems that hit American banks…Not

  • Applesucksfatties

    What?   No Max comment?  I’m guessing since the article has a positive tone, Max won’t touch this thing with a ten foot pole.

  • Chris Allen

    I actually thought this article was going to end on a high note, but then I forgot I was on BGR.

  • zacamandapio

    That’s a damn beautiful phone, smartphone, email king device.
    And yes, everything is working fine. 
    Just waiting for BIS 4.1.

    • Dead Cat Bounce

      If you a BlackBerry fan this is definitely a nice device. Nice design, much improved spec.  

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