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BlackBerry 10 Destined to Fail, Analyst Says

By - Source: Bloomberg | B 22 comments

Pacific Crest Securities advices RIM shareholders to sell their stock while they still can.

According to one analyst, RIM's BlackBerry 10 operating system may be "dead on arrival" when it launches in 2013.

Pacific Crest Securities' James Faucette stressed to investors that the delayed mobile platform is unlikely to experience any buzz when it does release, leading to its eventual failure.

"We believe BB10 is likely to be DOA," he wrote, noting that RIM shareholders should sell their shares while they can. "We expect the new OS to be met with a lukewarm response at best and ultimately likely to fail."

RIM, who has seen its smartphone market share decrease every quarter since Android and the iPhone took the market by storm, recently confirmed that the financially troubled firm is targeting a Q1 2013 release for its BlackBerry 10 devices. Over 50 carries are testing the upcoming smartphone lineup.

Since Faucette's note to investors, RIM shares experienced its biggest decrease since June by dropping 9.1 percent to $8.24.

 

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Top Comments
  • 17 Hide
    otacon72 , November 9, 2012 3:05 AM
    "analyst"... overpaid blowhards.
  • 11 Hide
    digiex , November 9, 2012 6:08 AM
    These fruit named companies will eventually go rotten...
  • 10 Hide
    Shin-san , November 9, 2012 1:57 AM
    sixdegreeI'm glad Apple is still okay.

    Apple is starting to be how BlackBerry was a few years ago
Other Comments
  • 10 Hide
    Shin-san , November 9, 2012 1:57 AM
    sixdegreeI'm glad Apple is still okay.

    Apple is starting to be how BlackBerry was a few years ago
  • 6 Hide
    joytech22 , November 9, 2012 2:30 AM
    This is what happens when your customer base asks you to change but ignore them.
  • 17 Hide
    otacon72 , November 9, 2012 3:05 AM
    "analyst"... overpaid blowhards.
  • 5 Hide
    freggo , November 9, 2012 3:38 AM
    Same 'analysts' that predicted Apple to become a Trillion $$ company ?
  • 4 Hide
    chewy1963 , November 9, 2012 5:58 AM
    I predict BB10 will kill the iphone and android phones! If I were an analyst that would make their stock go up 9.1%. Stockholders are such sheep!
  • 4 Hide
    Bloob , November 9, 2012 6:08 AM
    I hope not, I'd rather see iOS & Android marketshare get halved, with WP, BB10 and MeeGo/Mer filling it up.
  • 11 Hide
    digiex , November 9, 2012 6:08 AM
    These fruit named companies will eventually go rotten...
  • 4 Hide
    shadyinc , November 9, 2012 6:17 AM
    The analyst will die and rot in hell for the rest of the eternity, says analysts.. :p  :D 
    :rofl: 
    These douche bags would say or do anything to make a few bucks..:/
  • 6 Hide
    Auroram , November 9, 2012 8:54 AM
    The whole reason these things happen is because of the negative buzz created by these analysts. Hell, that's how financial crisises keep happening. Someone somewhere says that things are going bad soon, which causes people to start doing unpredictable and stupid things. That's when a prediction turns into the cause of the problem...

    There's a reason 50 carriers were interested enough to test the new lineup. I very much doubt that they would if their boards weren't behind the decision. Can't news sites like Tom's simply ignore these things, instead of contributing to the nonsense?
  • 4 Hide
    chicofehr , November 9, 2012 10:54 AM
    I use the 9900 and love it. I can't let go of my precious keyboard. I used the iphone and android phones and never could get used to the touch only interface. I'll stick with BB as no one else makes a good keyboard/ touch hybrid anymore since the Palm days. I'll be getting the BB10 when their next Bold is released so I can continue text/message/email all day :p  I must be the only one still using BB on toms.
  • 3 Hide
    Nedal0 , November 9, 2012 11:23 AM

    Exactly what will happen to Apple. Folks from Apple should take a bite of the BLACKBERRY FRUIT.

    I think they've been eating too much APPLE on a different GALAXY.
  • 2 Hide
    sykozis , November 9, 2012 11:25 AM
    I'll go back to BB if BB10 is worth it....
  • 0 Hide
    elperra , November 9, 2012 11:56 AM
    Nedal10 you are not the only one with a bb, I love my 9900 also :) 
  • 0 Hide
    stevelord , November 9, 2012 12:22 PM
    I predicted RIM was doom to fail after the laughable release of the Playbook. Can I be an analyst?
  • 0 Hide
    felix666 , November 9, 2012 12:41 PM
    It sounds like the analysts are working hard to make people buy and sell just any type of share, cos they take their cut from it. RIM is a favorite to bash these days, it is easy to say anything to make people sell their shares. They are betting that RIM will improve next year so that people will want to buy stock again, but only if the bad news don't kill them meanwhile. So is life when your company is on the stock market.
    In spite of all these negative analysis, layoffs and restructiring, RIM is still working on improving its products. The "laughable" Playbook still has competitive hardware after two years, and has gained updates and a bunch of good applications plus the ability to run many Android apps. I doubt that Microsoft will let Skype run on it though, as they want the Playbook to fail and let more market space for the Surface. Ahh being the big one.
  • -3 Hide
    fuzzion , November 9, 2012 1:04 PM
    BB : Dying
    Nok: Dying hard
    AAPL: Stagnant at best
    MSFT: Who are we joking?
    Motorola: Sold

    Seem like death is the only surety
  • 1 Hide
    mynameis1 , November 9, 2012 1:27 PM
    it will be a uphill challenge for blackberry, personally i like my BB as a phone. i like the layout and not particularly needy of useless apps.
    however, rim does really need to focus on capturing a way of allowing iphones and andriod and win8 phones to be run securely on a BB system, this will make corp. happy.
  • 0 Hide
    Anonymous , November 10, 2012 1:27 AM
    Count another 9900 user here. If you use your phone primarily for messaging and need to type a lot, the 9900 is the best phone in the world. There is no comparison between a touch screen keyboard and what you get on the 9900.
  • 0 Hide
    rjandric , November 12, 2012 3:27 AM
    BB Bold 9900 user here too. I don't need them apps :)  GPS, email, youtube to soothe the kid and that's all i need.
    I am looking forward t BB10 just because I never liked mass selling hardware, like iPhone/Android clones. I prefer stuff that is a bit flawed and to make it work the way I want, i.e. HP touchpad, stuff that has the "soul".
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