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RBC: BlackBerry 7 phones won't help RIM's image; first QNX phone to be 'mini-PlayBook'

Updated Dec 19th, 2018 7:24PM EST

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Research In Motion will sell at least 22 million BlackBerry 7 smartphones in fiscal 2012, accounting for a minimum of 40% of its unit sales according to RBC. In a note to investors on Wednesday, RBC Capital Markets MD Mike Abramsky said that RIM will launch seven new BlackBerry 7 devices this year, representing the vendor’s largest product cycle ever. While the Waterloo, Ontario-based vendor will be release its new phones across more than 225 carriers around the world, Abramsky notes that consumer adoption is still a huge question mark. RBC’s EPS estimates for RIM’s fiscal 2012 range from $4.75 (9% below Wall Street’s consensus) to $6.00 (16% above the Street) depending on user uptake and average selling prices. Regardless of performance, however, the analyst notes that “BlackBerry 7 is unlikely to reverse deeply negative investor sentiment over RIM’s future, pending improved visibility to success or failure of pending QNX handsets expected 2012.” On QNX, Abramsky says the first smartphone to launch with RIM’s OS of the future will look like a “mini-PlayBook.” He believes the phone will hit the market in the first quarter of calendar 2012, and it will feature a 4-inch touchscreen display, dual cameras and a dual-core processor. BGR on Tuesday reported that RIM’s first QNX phone carries the codename “Colt,” and current test units sport a single-core CPU though the phone may feature a dual-core processor at launch. Abramsky also notes that RIM’s first QNX phone will feature a standalone email client and RIM’s Android app player at launch, and these items will be available for the PlayBook in the coming months.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.