As I Have Anticipated, There is Absolutely No Fire in the Torch, Except for the One That’s Frying RIMM’s Share Price
by ilene - August 31st, 2010 8:37 am
As I Have Anticipated, There is Absolutely No Fire in the Torch, Except for the One That’s Frying RIMM’s Share Price
Courtesy of Reggie Middleton
So it has been a month and a week since turning bearish on Research in Motion, and after more than 100% gains in ATM options, a launch of the companies most pivotal product and the figurative obliteration of market share by competitors Apple and Android, Rethink Wireless reports:
After a burst of enthusiasm around RIM’s launch of its latest BlackBerry, the Torch, the firm’s shares have slid again, amid reports of disappointing initial performance. The Torch 9700, the first smartphone to run the company’s upgraded operating system, BlackBerry OS 6, is seen as RIM’s crucial device to fend off the rising attack on its market from Apple and Android.
But online retailer Amazon has already slashed the price of the device to $99, less than a week after the phone shipped in the US on August 12, with an AT&T exclusive. It will soon appear in some European markets with Vodafone. According to estimates from analysts at Stifel Nicolaus and RBC, as reported by The Wall Street Journal, the Torch has sold just 150,000 units since launch, compared to 1.7m iPhone 4s in the first three days of that handset’s availability (and despite ‘Antennagate’).…
But at launch, many analysts questioned whether it was enough to move ahead of Apple, HTC and other companies currently leading the field – or merely a catch-up device for a range that had fallen well behind the cutting edge.
In a new research note, analyst firm Gartner says it believes the Torch will appeal mainly to traditional BlackBerry users in the business world, and stop them defecting to other smartphones, but is unlikely to attract new users. It may fare better in Europe, where the BlackBerry has been making significant progress in the youth market, depending on carrier pricing and marketing.
Shares in RIM have fallen steadily since the launch of the Torch, dropping almost $5 per share since August 12. One analyst downgrading the firm was Scott Sutherland of Wedbush, who moved shares from outperform to neutral and wrote in a client note: “We continue to believe that RIM’s strategic positioning in the enterprise, alignment with carriers, new products, and international expansion will allow the company to participate in the solid…
Who Needs Jobs When We All Have iPhones?
by ilene - January 16th, 2010 7:01 pm
As the Reformed Broker, Joshua explains his latest interest,
"iPhone sales vs the unemployment rate. Just because."
Who Needs Jobs When We All Have iPhones?
Courtesy of Joshua M Brown
I don’t understand why everyone’s so upset over the employment picture…
at least we got mad iPhones, Yo!
(Yes, I had some time on my hands)
Have a nice weekend everybody.