This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Informa
Nokia Lumias Face 'Challenging' Year While BlackBerry 10 Generates 'Little' Excitement
By Craig Galbraith
December 03, 2012 - News
Comments

**Editor's Note: Click here for our list of November's hottest selling smarpthones to see how BlackBerry and Nokia measured up to the competition.**

Don't look for BlackBerry 10 devices to be Research In Motion's savior.

So says analyst Michael Walkley of Canaccord Genuity, who says hefty competition and a lack of interest in phones based on RIM's new operating system – due Jan. 30, 2013 – won't improve the once-great Canada-based handset manufacturer's market position. He downgraded RIM stock from "hold" to "sell" on Monday.

“While initial sales of higher-ASP BlackBerry 10 smartphones should improve RIM’s January and May quarter device sales and ASP mix, our checks and analysis of the global competitive landscape suggest a very low probability BlackBerry 10 sales can turn around RIM’s long-term business trends."

That's counter to the take of Goldman Sachs and Jeffries & Co., who are both more bullish on RIM's opportunities in 2013.

“Our November checks indicated very weak global sell-through trends for BlackBerry 7 smartphones with many Western carriers stocking minimal inventory levels due to soft demand," Walkley added. "Further, our checks indicated strong iPhone 5 and high-tier Android smartphones sales with little channel excitement about the January BB10 launch."

One of RIM's potentially biggest competitors this coming year will be Nokia, which just last month unveiled a series of new Lumia smartphones based on Microsoft's Windows Phone 8 operating system. Initial sales have been good, but not enough to get Canaccord's Walkley overly excited.

Calling Nokia's ability to sustain the positive numbers "too early to determine," Walkley noted, “While we are impressed with the new Lumia devices and growing Windows application ecosystem, we maintain our modest Lumia sales estimates and our belief 2013 remains another challenging transitional year."

Comments
comments powered by Disqus
Related News
News
The company is still struggling mightily in the most potentially lucrative markets – North America
Craig Galbraith
News
Watching BlackBerry try to hang on to relevance is like thinking Anthony Weiner is still in the
Craig Galbraith
News
BlackBerry has now ceded third place in smartphone platforms to Microsoft's Windows, which is
Craig Galbraith
News
BlackBerry unveiled its BB10 operating system and a pair of new phones – the Z10 and the Q10 –
Daniel Santa Cruz
News
Both manufacturers, once leaders in the mobile space, are left begging for the table scraps of
Craig Galbraith