updated 09:25 pm EDT, Mon April 29, 2013
Remarks drive BlackBerry stock to month-long high
Following an interview with BlackBerry Chief Executive Officer Thorsten Heins at the Milken Institute conference in Los Angeles earlier today, BlackBerry stock rose to its highest price in a month. The climb comes as a result of the CEO claiming that the new BlackBerry Q10 is expected to sell "several tens of millions of units" to the BlackBerry faithful.
"We have very, very good first signs already after the launch in the UK," Heins said to Bloomberg about the newly-launched phone that features a return to the hardware keyboard. "This is going into the installed base of more than 70 million BlackBerry users, so we have quite some expectations."
Jefferies Group analyst Peter Misek said that UK stores Selfridged and Carphone Warehouse sold out of the Q10 quickly, but sales numbers were not available. He also claims that "Z10 sales in Canada, the US and UK remain steady with no inventory or return issues."
Heins added that the new phone lines will "create a certain attraction towards BlackBerry 10, and then whatever comes up, we will entertain any valuable discussion for the company" in regards to licensing the BlackBerry 10 operating system. "We are still observing and watching that space and that's what we will continue to do," he said.
The Q10 has a full QWERTY keyboard, a square 3.1-inch Super AMOLED touchscreen display, and 16GB of internal storage, expandable by up to 64GB via microSD. The rear 8-megapixel camera is paired with a 2-megapixel front-facing version, while options for Wi-Fi, Bluetooth, and NFC connectivity are also built-in. The phone will sell in the US with a mandated two-year contract for $249.