Canaccord backpedals on slashed BlackBerry Z10 sales forecast
Analyst Mike Walkley with Canaccord Genuity stated last month that he was expecting the BlackBerry Z10 to sell 300,000 units in February. Now he's revising his forecast to be closer to the ballpark of 800,000. That's quite a dramatic change, though he maintains his sell rating on BBRY stock and his outlook for the financial year. Here's what he had to say about his continued dour outlook on BlackBerry.
"Our follow-up surveys have indicated steady but modest sales levels for the Z10. With new BB10 smartphones launching in the U.S. only in mid-March or later at subsidized prices no better than competing high-end Apple/Samsung smartphones, combined with our expectations for the Galaxy S IV to launch at a similar time frame in the U.S. market, we anticipate BlackBerry will struggle to reclaim high-end smartphone market share."
Walkley also believes that carrier support in the U.S. won't be as strong since Sprint is holding off on the Z10 and T-Mobile won't be getting the Q10.
We've been hearing a lot of positive (though vague) feedback from Canadian carriers on BlackBerry Z10 sales; even with the competition heating up, I think this level of pessimism isn't due quite yet. How do you guys think the BlackBerry Z10 will do when it launches in the U.S.? Will it just be a momentary spike as Walkley seems to suggest, or will there be a real resurgence of BlackBerry in the U.S.?
Via: Globe and Mail