BlackBerry Q10 seen outpacing the Z10 in early sales estimates

Kevin Smithen of Macquarie Capital has become more optimistic about BlackBerry’s future, Barron’s reported. The analyst believes the QWERTY-equipped BlackBerry Q10 could be a bigger seller than the company’s first BlackBerry 10 smartphone, the BlackBerry Z10. Smithen notes that the Q10 will appeal to enterprise customers, who account for 13.4 million of the company’s total subscriber base. He estimates that as a whole the company will ship 4.3 million BlackBerry 10 devices in May but only 2.7 million in August, although he added that the “August estimate could prove to be conservative based on stronger enterprise demand for the Q10.” Smithen reiterated his Neutral rating on shares of BlackBerry with a price target of $17.