“Research In Motion Ltd. fell the most since June after Pacific Crest Securities said the company’s new BlackBerry 10 operating system, the linchpin of its comeback plan, may be dead on arrival,” Hugo Miller reports for Bloomberg.
“‘We believe BB10 is likely to be DOA,’ James Faucette, a Pacific Crest analyst in Portland, Oregon, said in a report,” Miller reports. “He has the equivalent of a sell rating on the shares. ‘We expect the new OS to be met with a lukewarm response at best and ultimately likely to fail.'”
Miller reports, “Phones with the software, due in the first quarter of 2013, will struggle to attract buyers because of an unfamiliar user interface, a lack of compatible technology and few software applications, he said. Any opportunity for a sale of all or part of the company may have passed, he said.”
Read more in the full article here.
MacDailyNews Take: DOA for DCW.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]
Related articles:
U.S. Immigration and Customs (ICE) dropping RIM BlackBerry and purchasing 17,000 Apple iPhones – October 19, 2012
Those still using BlackBerry phones ‘ashamed’ – October 16, 2012
Why beleaguered RIM won’t be bought: Not much value in a dying platform – June 26, 2012
And the circling of the toilet bowl continues unabated.
Doesn’t Michael Dell have something to say about RIM And giving the money back to the shareholders?
Wow, I thought BB10 stuff shipped the first quarter of this year. What was that update to the Playbook, then?
Just an update to the original Playbook OS, QNX. Which is what BB10 OS is supposed to be based on. The phone and tablet OS are (were) different. They’re supposed to be combined with BB10.
I hope they aren’t doa tbh. I want a four way battle between ios, android, wp8, and bb10. More competition the better imo.
But at least they have a cover song for it…
“Out updated SDK is really COOL…” 🙂 They crack me up.
Amateur Decade is over!
=:~)
Like watching the little legs of a stepped-on ant waving feebly.
LOL Surely you jest?
If they put out a quality product, they may still have a chance to cling to life. But being able to put out a quality product is the BIG IF! . . . and this is their last chance.
Picked up a 32 gb playbook for $119 in Vancouver. At that price its not a bad piece of equipment.
I leave it my car to get online when I am on the road, and if somebody steals it, no big loss.
Problem is, it cost about $300 to build the frickin thing….!
The 2.0 software isnt bad, its clear and concise, does most things you need for mobile web and email.
Its a shame that RIM can’t turn this decent little OS into a niche market – I think of all the Canadians going to lose their jobs…
More likely, someone will steal your car, and leave the playbook.
Thanks, that brought a smile to my face. 🙂
“Picked up a 32 gb playbook for $119 in Vancouver. At that price its not a bad piece of equipment.”
You got ripped off. You can’t check your email without a BB. It’s go no apps. You’d be better off with one of those $40 Chinese androids.