Only a 3rd party estimate, but if accurate a solid performance for the first 30 days by RIM! The low # of reported returns is an important indicator, given the relative immaturity of the initial release.
If these results continue, RIM should hit their full year targets.
I think the sales are steady because of all the ads and word of mouth... usually that's how it works. But man, those ads cost a fortune. Especially have one that blew out the page on CNN.com and MSNBC.com for a whole day.
I wonder if RIM is losing $$ with ads right now and hope stronger sales later...
250k in 1 month but only estimating 500k in a quarter?
Posted from my CrackBerry at wapforums.crackberry.com
I'm sure they are being conservative with that estimate, but you can't assume that just because they sold 250K PBs in one month that means the sales will continue at that pace.
i chuckle everytime i sense people justifying their purchases with number of Sales.. unless you own some stocks with that company.
Let me put it this way, Hey guys, this McDonalds double cheeseburger that i bought MUST be the BEST burger, guess what billions have been Sold.
at the end of the day, my iPad regardless if it sold millions, STILL don't have Flash, STILL has a crappy camera and STILL feels like an Oversize iPod Touch.
good thing i also have the PB.
Only a 3rd party estimate, but if accurate a solid performance for the first 30 days by RIM! The low # of reported returns is an important indicator, given the relative immaturity of the initial release.
If these results continue, RIM should hit their full year targets.
I returned my 16gb PlayBook to Best Buy and bought a 32gb PB from Staples. Take 1 return off the total number because it wasnt really a return.
Wow, confirmation they are going to hit their lowered predictions is good news? That's some spin.
Huh?
RIM originally forecast 3 - 4mm units in the first 12 months, an estimate that they haven't changed yet to my knowledge, and which they appear to be on track to hit, given a simple straight-line extrapolation and not even counting the launch of the PB in new large markets like the UK.
If you are referring to RIM's forecast for their 2011/2012 year-end EPS, they haven't lowered that guidance either, even though their previous quarter results where off.
RIM originally forecast 3 - 4mm units in the first 12 months, an estimate that they haven't changed yet to my knowledge, and which they appear to be on track to hit, given a simple straight-line extrapolation and not even counting the launch of the PB in new large markets like the UK.
If you are referring to RIM's forecast for their 2011/2012 year-end EPS, they haven't lowered that guidance either, even though their previous quarter results where off.
What lowered predictions are you referring to?
RIM never actually gave a solid (or even speculative) quarter by quarter expectation for the playbook.
I see sales accelerating as all of the features get added and there is more app support. This is a new product that people are being cautious about, when it does what it's supposed to do the people will be more open to buy it.
RIMM closed up $1.65 per share today largely on one analyst upgrade which was based on the better than expected sales. Remember that most of the rest of the world has not even seen the PB yet. It WILL do well, just wait and see!
