“Research in Motion’s launch of its new Blackberry 10 smartphones is too little, too late, said Jennifer Fritzsche, a senior analyst at Wells Fargo, Thursday on CNBC’s Squawk on the Street,” Cadie Thompson reports for CNBC.
I just think it wasn’t enough. We still have really strong doubts and it really is more related to the model and the service revenue changes, which was really high margin revenue stream for them. The buzz around the phone actually was quite good from a lot of the reviewers and it’s competitive. But I think for RIM it’s a little too late… It’s just very hard to make money even when you’re shipping 30 to 50 million units a year, you need more and that’s the slippery slope that RIM is changing. – Jennifer Fritzsche, a senior analyst at Wells Fargo
Thompson reports, “To make matters worse , the new handsets are not going to be available in the U.S. until March, and that delay definitely hurts the company, she said. And when consumers finally do get their hands on the Blackberry 10 phones, they may be disappointed with their app selection, which doesn’t hold a light to the apps offered on Apple’s iOS or Google’s Android platform, she said.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]
Why investors are already disappointed with BlackBerry 10 – January 31, 2013
BlackBerry 10 debut bombs, lacks key features to beat Apple’s iPhone – January 30, 2013
Beleaguered RIM changes company name to BlackBerry, announces new Z10, Q10 devices running BlackBerry10 – January 30, 2013