Blackberry Under Performance Is Likely To Give Low Profit For The February Quarter

By Author: Steve Rubel
Total Articles: 18
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Presumption has been made by the BlackBerry maker Research in Motion Ltd (RIM) that February is going to be a downfall quarter in terms of phone sale. As per Jefferies & Co analyst prediction for May quarter has been announced that it is not going to be so strong quarter as well. StarMine’s Thomas Reuters has rated the Peter Misek, the analyst among the five stars. He says that more than 50 percent of chances are there to declare by BlackBerry makers the February quarter to be the negative. Thomas Reuters StarMine is well known for his accurate reading on estimates on RIM. According to the forecast made by StarMine data are likely to be close to accuracy.

Misek’s reading on sale says both RIM’s low-end and higher- end phones still fighting with the high-end enterprises handset. Their performance is not well outside the venture sale over good performer of Apple iPhones and Google Inc Powered Android smartphover. With the launch of iPhone 5 ahead of BB10 is likely to face the challenge. These upcoming models are expected in September this year and According to Misek, price target on RIM’s is likely to cut ...
... down from $ 15 to $ 12 of US listed Shares. Europe, Latin America and North America continuously experiencing poor sales under performance of the low-end handset companies, as Peter Misek said. Europe sale will likely to get down by the end of this quarter.

BlackBerry maker RIM has lowered his estimation for this February quarter earnings. They are on the target to cut down the price estimation. The evaluated price has come down to 69 cent a share on revenue of $ 4.2 billion. Their previous earnings expectation was of 82 cents share on turnover of $ 4.6 billion. According to analysts expectation the BlackBerry maker is anticipated to post fourth quarter by 83 cent of share and revenue of $ 4.58 billion.

The Street’s estimation for 2012 is assuming to be too high, according to Peter Misek belief. The price revision could lower because of lack of new products in coming time and could face sales under performance. With the introduction of new RIM’s BB10 operating system will have to fight with the Nokia’s window 8 in late 2012. There is less chance to introduce any new device before BB10 by BlackBerry maker.
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