“RIM may see a bounce back in the market simply out of carrier worries of an Apple and Google duopoly, Sterne Agee analyst Shaw Wu learned on Friday,” Electronista reports.
“After talking to carriers, he heard that networks are worried about the ‘growing dominance’ of Android and the iPhone and were sorely looking for a third option to keep competition up,” Electronista reports. “With Nokia not due to ship its first Windows Phones until September, he said, the BlackBerry could benefit simply by being a well-established company with a recently revamped phone line.”
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Electronista reports, “With the view that RIM had hit its floor, Wu broke from expectations and became one of the few analysts to recommend buying RIM stock. There was still a risk it would lose to Apple and Google, or that it would have to push prices down and skew more towards lower-end phones. The researcher saw that concern as already baked into the stock value and raised his target value to $35, up from the $28 it was at today.”
Read more in the full article here.
MacDailyNews Take: It doesn’t matter what the carriers want. It matters what the customers want.