Printed from http://www.electronista.com

Market spooks over "disappointing" BlackBerry

updated 03:25 pm EDT, Mon October 20, 2008

Pac Crest on BlackBerry

Shares of Research in Motion plummeted Monday after a Pacific Crest report cautioned that the company's BlackBerry's sales would likely prove underwhelming. Calling the cellphone producer's likely results "slightly disappointing," the analyst group cautions that the Pearl Flip's sales have been at most average. The estimates if accurate are particularly damaging for RIM, which depends on the Pearl series for a large portion of its non-business sales.

RIM has also produced mixed results in early examinations of its sales over the course of the summer. Although one September study in the US hints at climbing BlackBerry sales during the month, NPD Group studies over the summer have the iPhone 3G taking the lead through the brunt of the summer and impacting RIM's influence.

Low stock value is considered a potential risk for the Canadian firm, which is rumored to have a standing offer for a possible Microsoft buyout should its share price fall below $50. RIM has regularly prided itself on remaining independent but has lost nearly two thirds of its share price since a record high of about $148 in June, making it more vulnerable and opening it to a possible takeover.



By Electronista Staff
toggle

Comments

  1. damsmith

    Fresh-Faced Recruit

    Joined: Oct 2008

    0

    RIM's market

    RIM always tries to give its users a different and function rich products. However market is down for Blackberry handsets but Blackberry accessories are still in demand. Visit http://www.fommy.com/blackberry-accessories.htm for more Blackberry accessories.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

SMS Audio Sync Sport on-ear headphones

When hitting the gym or going out for a trail run, headphones can cause a number of problems. From the ear buds getting slimy with swe ...

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Sponsor

toggle

Most Commented

 
toggle

Popular News