As anyone who invested in mortgage-backed securities last decade knows Wall Street isn’t always right. That said, BlackBerry (RIMM) can’t be all that happy to see that Street analysts’ reaction to its BlackBerry 10 operating system and BlackBerry Z10 smartphone have been mostly negative. Reuters has a representative roundup of analyst comments about BlackBerry’s grand rebirth on Wednesday and they don’t paint a pretty picture. Among the highlights are analysts from Credit Suisse, who say that they “see limited scope for traction in the hypercompetitive smartphone market” for BlackBerry 10; analysts at Evercore Partners, who praise BlackBerry 10′s “dramatic improvement” but who also “expect a muted consumer response due to RIMM’s damaged brand image”; and Barclays Capital analysts, who are worried that BlackBerry has priced its new devices far too high.
BlackBerry 10 was introduced to the world on Wednesday and Wall Street was not impressed. RIM (RIMM), now rebranded as BlackBerry, saw its stock plummet 12% after having been propped up over the past couple weeks and it continued down another 6% in pre-market trading on Thursday. It’s not that people think BlackBerry 10 is awful, in fact the new OS has garnered a fair amount of praise so far. It’s just that no one seems to think BlackBerry’s new effort is enough to get the company back in the game. More →
Say this for BlackBerry — they seem to know they have an app problem and they’re working hard trying to fix it. A BlackBerry spokesperson has told AllThingsD that the company is “in talks” with both Instagram and Netflix (NFLX) to make mobile applications specifically for the BlackBerry 10 platform. However, the spokesperson also added that they “could not confirm when those apps will make their way into the store,” so BlackBerry fans may have to wait a while before they have access to two of the biggest apps in the mobile world. As we noted earlier, Instagram’s absence on BlackBerry 10 is particularly glaring because RIM claims it has a strong partnership with Instagram owner Facebook (FB).
Research in Motion (RIMM), now officially known as BlackBerry, announced the availability of its new BlackBerry 10 smartphones at a press event in New York City on Wednesday. The flagship 4.2-inch BlackBerry Z10 will be available on all four major carriers in the United States and will launch in March for $199, on Verizon at least, with a new two-year agreement or $599 off contract. The device will also be released in the United Kingdom on January 31st, Canada on February 5th for $149.99 on a 3-year contract and in the United Arab Emirates on February 10th. Pricing information hasn’t yet been announced for the BlackBerry Q10 QWERTY keyboard smartphone, although the company expects the device to be available to consumers by April.
UPDATE: An earlier version of this article claimed the BlackBerry Z10 was now available for ”preorder” but this is not the case. Some carriers have launched BlackBerry 10 landings pages, however, that allow customers to sign up for more details.
BlackBerry is back! Or is it? With a brand new operating system, brand new hardware, and a restructured company with some new people, Research In Motion (RIMM) has done everything possible to make the company’s brand new flagship smartphone a success. It combines the tried and true hardware we all know and love with a new take on the BlackBerry software experience. But is it enough to fight through the sea of iPhones, Android phones, and even Windows Phones? More →
Research In Motion (RIMM) is largely responsible for shaping the modern smartphone, but the company rested on its laurels and sat still while the rest of the industry underwent a major shift. The result is the debacle RIM faces today. The future of the company now rests squarely on RIM’s next-generation BlackBerry 10 platform, and the world will now get its first official glimpse at the two new smartphones that mark the start of RIM’s comeback attempt. We already know plenty about the BlackBerry Z10 and BlackBerry X10 smartphones thanks to a series of leaks, but today we’ll hear all the key details surrounding these two phones straight from the horse’s mouth. We should also find out preliminary launch details during today’s event, as well as with some details about RIM’s sales and marketing strategies. Our live coverage of RIM’s BlackBerry 10 unveiling follows below.
The good news for RIM (RIMM): Lots of people are interested in checking out its upcoming BlackBerry 10 platform. The bad news: Few are willing to commit to buying a BlackBerry 10 device at the moment. According to a new online survey of more than 1,100 Americans commissioned by mobile application specialist BiTE interactive and conducted by reputable pollster YouGov, 47% of Americans find “at least one of BlackBerry’s new features appealing,” although only around 13% say they’ll consider buying a BlackBerry 10 device.
After hitting a seven-year low of $6.22 this past summer, shares of Research in Motion (RIMM) have rebounded and climbed more than 100% in the past six months. The company that was previously written off by Wall Street investors has seen a significant boost in recent months as anticipation grows for its BlackBerry 10 operating system. But while a number of analysts have voiced their support for RIM, not everyone is convinced. More →
Research In Motion (RIMM) has its work cut out for it as it prepares to unveil its BlackBerry 10 platform on Wednesday along with its first two next-generation smartphones. We’ve seen the BlackBerry Z10 and the BlackBerry X10 leak extensively over the past few months, and BGR gave the world an exclusive full walkthrough of the BlackBerry 10 OS last week so there isn’t much mystery left. BlackBerry fans are still excited as RIM gets ready to paint us a picture of the company’s future on Wednesday though, and BGR will be on hand to cover all the action as it unfolds.
Bookmark this link, which will go live shortly before the event begins tomorrow, and make sure to head there for our live coverage of RIM’s press conference! Coverage will begin just before 10:00 a.m. EST / 7:00 a.m. PST.
Not only will Research in Motion’s (RIMM) BlackBerry World include more than 70,000 BlackBerry 10 apps, the storefront will also offer “one of the most robust music and video catalogs in mobile today.” The company announced on Monday that the new BlackBerry World will feature an “extensive catalog” of DRM-free music as well as movies and TV shows, a majority of which will be available for download on the same day they are released on DVD, and next day availability for a number of TV series. The BlackBerry World catalog of music, movies and TV shows will be available on the first BlackBerry 10 devices, which the company is scheduled to announce at a press conference this Wednesday, January 30th. RIM’s press release follows below. More →
Research In Motion (RIMM) is set to unveil its next-generation BlackBerry 10 platform on Wednesday along with its first two next-generation smartphones, the BlackBerry Z10 and the BlackBerry X10. We’re not really expecting any major surprises at the event considering how thoroughly RIM’s new platform and devices have leaked, but just because we know what’s coming doesn’t make the response any more predictable. RBC Capital Markets analyst Mark Sue recommends that investors “keep hands and feet inside the vehicle at all times” as the world straps in for what will undoubtedly be a wild ride. More →
Research in Motion (RIMM) is scheduled to announce the new BlackBerry 10 operating system and its latest flagship smartphone a press event on January 30th. The BlackBerry Z10 is rumored to come with 4.2-inch HD display, 1.5GHz dual-core processor and an 8-megapixel rear camera. The smartphone is also said to include 2GB of RAM, 4G LTE connectivity, NFC, 16GB of internal storage and an 1,800 mAh removable battery. The not-so-secret device has already appeared in a number of leaked images and videos, and on Thursday it was the subject of yet another leak from Evleaks, which posted two images that it said were press photos of the upcoming handset. More →
Research In Motion (RIMM) will unveil its first two BlackBerry 10 smartphones — the BlackBerry Z10 and BlackBerry X10 — next week during a press conference in New York City. Both smartphones have leaked extensively and we know just about everything there is to know about the new OS, and users are still excited. That is a very, very good sign for RIM as it attempts to stage a comeback. Not everyone is convinced RIM can thrive in the current smartphone market though, and Citigroup analyst Jim Suva cast doubt on RIM’s chances in a recent note to clients. More →