1. dbmalloy's Avatar
    Gotta love stock analysts......

    Analyst: BlackBerry Z10 Returns Outnumber Sales - Digits - WSJ

    News Article....

    Analyst: BlackBerry Z10 Returns Outnumber Sales.
    Article Comments (10) Digits HOME PAGE �.
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    By Will Connors

    Associated Press
    The BlackBerry BBRY -6.27%Z10 smartphone hasn’t sold well in the U.S., according to some analysts.What could be worse for BlackBerry-maker Research in Motion Ltd. than weak early sales of its new flagship phone? The possibility that people who did buy the phone are returning it.

    In two separate reports Thursday morning, analysts noted a weak launch of the BlackBerry Z10 in the U.S.

    ITG analyst analyst Joe Fersedi writes that the Z10 launch “started poorly and weakened significantly as the days passed,” and that Z10 sales are “in line-to marginally ahead of anemic sales” of older BlackBerry models and the Nokia NOK1V.HE +2.00%Lumia 822.

    Fersedi said that initially the Z10′s share of sales was 4% at Verizon stores and 7% at AT&T T +1.06%stores, but those numbers have fallen to about 1% to 2%.

    Perhaps worse, according to a report from Detwiler Fenton, customer returns of the Z10 are actually outnumbering sales.

    “We believe key retail partners have seen a significant increase in Z10 returns to the point where, in several cases, returns are now exceeding sales, a phenomenon we have never seen before,” Detwiler analyst Jeff Johnston writes in the report.

    In its most recent earnings call, RIM said it sold 1 million Z10s, but the quarter did not include U.S. sales, and RIM hasn’t commented on the U.S. launch beyond to say that it has met company expectations.

    If there is a silver lining for RIM, it’s that Mr. Johnston and many other analysts expect the forthcoming, keyboard-equipped BlackBerry Q10 to sell much better. The Q10 just became available for pre-order in the U.K. and Canada this week and is expected to ship at the end of April. The Q10 should arrive in the U.S. in May or June.

    But for the Z10, which RIM expects to compete head-to-head with the iPhone 5 and the latest Samsung Galaxy, these early indicators do not bode well.
    04-11-13 12:11 PM
  2. mikeo007's Avatar
    Well it's not that hard to figure out...some store reported more returns than sales lately. Say they sold 10 phones on day 1. Then on day 2 they sold 2 phones, but also had 3 returns from day 1. On day 2, returns are outnumbering sales. I highly doubt this is a trend though, more than likely an anecdote from a select store somewhere.
    mago72 likes this.
    04-11-13 12:33 PM
  3. rickkel's Avatar
    I could understand the large number of returns if you are talking about Verizon Z10's. Their inexplicable delay in releasing the upgraded OS that improves battery life and allows full access to to BB World is maddening.
    mago72 likes this.
    04-11-13 12:48 PM
  4. dbmalloy's Avatar
    Headline does not say one or two stores....even if it did to what end..... these stories imply a failure on the Z10..and unfortunately this only adds to the unwanted reputation of Blackberry.... interesting how the had been a spate of these today and the stock was down over $1:30 today.....
    04-11-13 01:20 PM
  5. Trini-34's Avatar
    This is BS- No Comment!
    Nothing against the OP to this post
    04-11-13 01:27 PM
  6. mikeo007's Avatar
    You need to take all of these reports with a grain of salt, the good and the bad. Only results will give any true indication of performance, and you're going to have to deal with a lot of articles in the next 3 months leading up to the next quarter results.
    04-11-13 01:44 PM
  7. undone's Avatar
    In internet terms, no pic it didnt happen. If this was Peter Misek, I would believe it more. Misek seems to be tracking BB pretty well.
    04-11-13 02:00 PM
  8. bartybet's Avatar
    In internet terms, no pic it didnt happen. If this was Peter Misek, I would believe it more. Misek seems to be tracking BB pretty well.
    Everyone is tracking BlackBerry pretty well. And it isn't pretty to see.

    Posted via CB10
    04-11-13 02:05 PM
  9. newcollector's Avatar
    Most of the comments on the article in the WSJ revile the logic and the skeptical "research" that the quoted analysts did. Sounds like companies who have a lot of "short" clients are trying to protect them.
    04-11-13 02:19 PM
  10. theRock1975's Avatar
    If you're an investor, you can really profit from this nonsense. There's a coordinated wave of good news, stock goes up to $17. Then there's a coordinated effort to paint a grim picture, and stock drops to $13.

    Paczkowski was wrong.
    Kramer was wrong.
    Geller was wrong.
    Cannacord was really wrong..
    So many others were wrong

    There's an army of shorts wanting to cover their asses and will go to any lengths to twist reality. There are also an army of longs that want to reduce their holdings and perhaps re buy at a lower price.


    Just keep moving a lot of people are making money here.

    Posted via CB10
    Last edited by theRock1975; 04-11-13 at 05:36 PM.
    04-11-13 03:10 PM
  11. undone's Avatar
    Everyone is tracking BlackBerry pretty well. And it isn't pretty to see.

    Posted via CB10
    I dont think that is true. Everyone has an agenda with regard to BlackBerry and no one is held accountable about anything they say (in this case it's about anything not necessarily BB). Misek was on target with his estimates, most others where not.
    Last edited by undone; 04-11-13 at 03:28 PM.
    04-11-13 03:11 PM
  12. bambinoitaliano's Avatar
    Is there a bigger picture behind this? Why are American analysts so hell bend on crashing BB stock? Because the subprime investments no longer work ?
    04-11-13 09:03 PM
  13. southlander's Avatar
    Well it's not that hard to figure out...some store reported more returns than sales lately. Say they sold 10 phones on day 1. Then on day 2 they sold 2 phones, but also had 3 returns from day 1. On day 2, returns are outnumbering sales. I highly doubt this is a trend though, more than likely an anecdote from a select store somewhere.
    Correct. Hardly worth the WSJ bothering to spread something like this around.

    Posted via CB10
    04-12-13 02:11 AM
  14. bartybet's Avatar
    http://www.cp24.com/news/blackberry-...ates-1.1235001



    Turns out its all bulls hit

    Posted via CB10
    04-12-13 09:08 AM

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