Trend Micro on Wednesday named Research In Motion’s BlackBerry 7 OS as the most secure mobile operating system in a new report titled “Enterprise Readiness of Consumer Mobile Platforms.” The security firm compared four of the top mobile operating systems — Android 2.3, iOS 5, Windows Phone 7.5 and BlackBerry 7 — and found the Waterloo-based company’s platform best met the demands of enterprise users. BlackBerry 7 scored a 2.89 rating, which was based on a number of factors including built-in security, application security, authentication, device wipe, device firewall and virtualization. RIM was followed by Apple’s iOS 5 with a 1.7 rating, Microsoft’s Windows Phone 7.5 with a 1.61 rating and Google’s Android 2.3 operating system with a 1.37 rating. Researchers from Trend Micro, Altimeter Group and Bloor Research praised the Blackberry 7 operating system for its corporate grade security and manageability, while the iPhone’s lack of removable storage and Windows Phone 7.5′s for overall performance were applauded. Google’s Android platform received negative comments, however, with researchers claiming the platform’s fragmentation has proven to be a barrier for enterprises. More →
With expectations at an all-time low and analysts lowering estimates left and right, Research In Motion on Thursday reported its results for the fourth fiscal quarter of 2012. RIM posted a surprising beat in the third fiscal quarter when it managed earnings of $1.27 per share on $5.2 billion in sales. At the same time, however, the Waterloo, Ontario-based BlackBerry maker issued worse than expected fourth-quarter EPS guidance of between $0.80 and $0.95, and it said revenue would likely fall between $4.6 billion and $4.98 billion. RIM has now confirmed adjusted net income of $0.80 per share, on revenue of $4.2 billion, down sequentially from $5.2 billion despite the launch of multiple new BlackBerry 7 smartphone models. Read on for more. More →
Research In Motion is set to report its results for the fourth fiscal quarter and full fiscal year on Thursday, and Wall Street is bracing itself for another disappointing quarter. RIM’s fourth-quarter guidance came in worse than expected when the company posted its third-quarter results, and now several analysts are lowering their expectations even further. Pulling no punches, Barclays Capital’s Jeff Kvaal wrote in a note to investors titled “Grim and getting grimmer” that BlackBerry 7 sales have been poor thus far, and he has lowered his projections as a result. Read on for more. More →
When new CEO Thorsten Henis took the reins at Research In Motion, he immediately pointed to the smartphone vendor’s marketing strategy as an area the company needed to focus on if it hoped to regain share in key markets like the United States. The wheels on RIM’s recent marketing efforts had already been set in motion, however, and early reports suggest that the increased volume of familiar BlackBerry ads aren’t having the impact RIM was hoping for. Read on for more. More →
Research In Motion’s latest run of BlackBerry smartphones was reportedly well-received early on, with checks from a number of sources having indicated strong upgrade sales for several phone models. Demand has apparently been waning lately however, as strong competition from the likes of Android and Apple’s iPhone has drawn attention away from sleek new BlackBerry phones like the Bold 9900. Now, more bad news comes from a firm that has historically seen RIM’s glass as being half full while other investment banks were telling their clients to head for the hills. Read on for more. More →
There have been reports of BlackBerry Bold 9900 and 9930 devices failing to power on after being left to charge all night. Late Friday evening, RIM confirmed the issue by saying a “limited number of customers have reported an issue where their device does not power on.” A RIM spokesperson said the company is “actively working on a software update to resolve this issue.” There’s no word on how many devices are failing, but there seems to be quite a few of them as the company’s support board is filling up with complaints.
Sales of Research In Motion’s new BlackBerry 7 smartphones have slowed in recent weeks as competition from Apple’s iPhone 4S and Android phones heats up. In a note to investors on Friday, Canaccord Genuity analyst Mike Walkley noted that RIM’s new smartphones are not faring well ahead of the holidays. “Our recent checks indicate slowing sell-through trends for the new BlackBerry 7 smartphones the past couple weeks,” the analyst wrote. “Further, with the launch of the iPhone 4S, increasingly price competitive Android smartphones, improving Windows smartphones, and the launch of the Amazon Kindle Fire tablet, we anticipate increasing competition across all tiers of RIM’s products in C2012.” Read on for more. More →
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. More →
In spite of Research In Motion’s recent fiscal second-quarter earnings report, which missed Wall Street’s consensus and RIM’s own estimates, not everyone is jumping ship just yet. Investment bank Macquarie Capital Markets reiterated its Outperform rating on RIM stock this past Friday, and it maintained its 12-month price target of $42. The firm noted that RIM’s low shipment volume (10.6 million units) ahead of the BlackBerry 7 product refresh is less disconcerting than most believe in light of the 13.7 million devices that were sold to customers. Macquarie also sees improved ASPs and sell-through leading to a rebound in the second half. Read on for more. More →
While sales of Research In Motion’s brand new BlackBerry 7 devices won’t be reflected in RIM’s second-quarter earnings report next week, analysts still aren’t sold that the device launches have positioned RIM to rebound. In a note to investors on Thursday morning, RBC Capital Markets analyst Mike Abramsky wrote that he expects RIM’s earnings in the fiscal second quarter to narrowly beat the consensus, with revenue down 2% from the same quarter last year to $4.5 billion and earnings per share at $0.90. The Street sees revenue at $4.5 billion as well, but EPS estimates are slightly lower at $0.87. Abramsky also expects BlackBerry handset shipments to slide 9% from the first quarter to 12 million units, and PlayBook shipments are expected to grow from 500,000 in the first quarter to 650,000 in the second. Read on for more. More →
RIM’s BlackBerry Torch 9850 is the company’s third smartphone to launch with a full touchscreen form factor, following the original Storm and the Storm 2, and it’s the first to launch on Sprint. The 9850 packs brand new hardware and the new BlackBerry 7 operating system into a thin industrial design, but is it enough of an improvement over the earlier Storm devices to warrant your upgrade? Can it compete with other touchscreen smartphones? I’ve been using the Torch 9850 for the past week and my full review of the smartphone follows below.
Research In Motion will benefit in the near term from the ongoing launch of its new BlackBerry 7 smartphones, which are being described as the vendor’s strongest devices in some time. Sterne Agee analyst Shaw Wu upgraded his rating on RIM stock to Buy from Neutral, increasing his price target to $35 from $28. Wu sees near-term opportunity in RIM, and he thinks new BlackBerry handsets like the Bold 9900 will be well received. ”The key differences this time include a refined user interface and improved hardware including faster processors, better graphics and displays as well as better build quality with its greater use of premium materials,” Wu wrote on Friday. “The company recently launched the new Bold 9900 and Torch 9810 and we see the upcoming launch of the full touchscreen Torch and new lower-end Curve in upcoming 1-2 quarters as future catalysts. RIMM has undoubtedly lost some customers but for loyalists still using 2-3 year old models, these refined updates are a worthy upgrade.” Read on for more. More →
Continuing on its peculiar path for BlackBerry 7 device announcements, RIM finally took the wraps off three new additions to its Curve smartphone line in the middle of the night. The BlackBerry Curve 9350, 9360 and 9370 smartphones, like the Curve models that came before them, take the best of what RIM has to offer and stuff it into an affordable package that sheds the bells and whistles. Spec highlights include RIM’s slimmest Curve design ever, GPS and Wi-Fi support, 5-megapixel cameras and the BlackBerry 7 OS. ”These new models will build on the incredible success of the BlackBerry Curve line and further expand the largest global launch of BlackBerry smartphones in our history,” said RIM Co-CEO Mike Lazaridis in a statement. “The new BlackBerry Curve smartphones are absolutely stunning and offer a significant performance upgrade with an unmatched mobile social experience for the millions of feature phone users in the market as well as our existing Curve customers.” RIM’s new Curve line will launch this month in Canada and beginning next month in additional markets. RIM’s full press release follows below. More →