Printed from http://www.electronista.com

RIM stock tumbles as analyst pegs BB10 for March

updated 12:47 pm EDT, Tue October 9, 2012

No delay announced, but stocks tumble anyway

Shares in Research in Motion fell today after a Jeffries & Co. analyst predicted that devices running its BlackBerry 10 operating system would likely miss the fourth fiscal quarter and debut in March. RIM shares had dropped 3.7 percent by 11:05 EST today, and are down 4.5 percent as of 12:35 EST. RIM has made no announcement regarding any product delays.

RIM's fiscal year ends February 28, 2013, and the company has already stated that its newest line of BlackBerry devices should be arriving in some markets in January. The Jeffries analyst, though, tells Reuters that business uncertainties mean that parties are unlikely to begin licensing or acquiring from RIM until its BB10 products launch. The Jeffries analyst believes RIM will not be able to meet its early 2013 launch target.

A spokesperson from RIM maintains that the company is on target to begin delivering BB10 in the first calendar quarter of next year.



By Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News