So as the announcement of BlackBerry 10 hit today so the stock market fell...if you look at this chart from MSN as SOON as they announce not in the US until March the stock fell...what do you all think?
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So as the announcement of BlackBerry 10 hit today so the stock market fell...if you look at this chart from MSN as SOON as they announce not in the US until March the stock fell...what do you all think?
Investors are just shorting it.
The ones giving the doom and gloom outlook in the media are the same ones buying more shares out the back door at the reduced price...
You mean BBRY*
The stock fell at about 10:30, release dates and pricing weren't annouced until after 11
When the stock was actually rallying.
Because it'sRIMBlackBerry's fault that Verizon, AT&T, and Sprint won't release the device.
No, no. That makes sense...Always BlackBerry's fault.
They wanted Apple and got Blackberry...at the end of the day its all about sales numbers, until these handsets are selling there will be a lot of background noise. 'IF' They blow the doors off the sales estimates and you will see that hockey stick happen with articles like 'US Market be D6mned! BlackBerry sells out Globally'
I had the stock open in one window and the broadcast in the other. Before the broadcast announced the US dates it was already in the Dow Jones News and the stock was dropping as the broadcast was carried. Some may be playing the "market" but I think many are demonstrating their disappointment in the phonese being delayed till March. It seems to many that this is a failure and they are reacting accordingly.
I was expecting a little up swing today so I bought more shares yesterday before the close.. Bummed because I could have waited and bought them lower today.. Either way I'm happy because I'm feeling good about we're BlackBerry is going.. Now lets rock and roll those sales in the UK to get the ball rolling and show people want and will support BB10..
I know we care dearly about our country, but BlackBerry is a global company. They launched in countries which kept them afloat which is very smart. Its what every global company do, support your big hitters first.
BlackBerry isn't going to cater to the US when the UK, CA, and other emerging marketing are more profitable at this time.
If you understand business and BlackBerries vision, you'll get my drift.
So let's get off our high horse and be happy to be getting a phone in Q1.
It is getting worse for RIMM's stock, down 10.91% as I post this entry according to USAToday.
1st I don't belive that the US has it out for BB. Their product for the last four years has meet some markets needs, but it was way behind the rest of the mobile sector in innovation
2nd as for understanding business, what company doesn't want to succeed in the US market??? There is a difference between wanting and being able to compete in any market.
As for RIM launching in other markets... in the long run most consumers want even know about it. They buy what is in the store and what their friends have. I bet their current stock is very limited so they had to launch in small markets where they had ample quantities.
I hove no problem with them releasing in other countries, that isn't my issue. Nor do I really care too much about the market, I just thought it ironic the timing of the drop of the market today. Was does worry me is why did RIM have the main launch event in the US just to anounce it won't be here for a month or two. Again, why pay the money to run a super bowl add which is mainly seen by the US market when the phone won't be here for a month or two. These are my issues with the launch event today...I am still going to wait for ATT to release the phone and I will purchase it then...unless I can find a really good deal for one online...but I doubt that.
"Buy on the rumor. Sell on the news."
No doubt this truism was in play. Even yesterday afternoon saw the price drop. Add in that the devices won't be released in the US for another two months and suddenly the first quarter is shot.
Saw Thor on CNBC say that they made plans to have plenty of inventory on hand.
On the same network, I saw a guy who had had the Z10 for a week say that it was getting software updates all week long and right up to release.
The stock was always going to fall even if it was revealed that the phone came with an usb attachable cookie baking device
The buy on the rumor, sell on the news line doesn't seem to apply. The stock had been steadily going down for the last 5 days or so. It was up briefly this morning and then tanked. It is also still heading down in after market trading
Stock falling upon the launch of an anticipated product is to be expected. In fact, had it not happened would have been an even greater surprise. There's a saying that goes with this but for the life of me I can't recall it right now.
It really is nothing to get excited about, it's basically a reflection of those who jumped on the stock while it was lower and are getting out now at a perceived high point in case the launch doesn't go as well as it should. This happens in tech, auto, manufacturing, any sector where there's a launch of an anticipated product.
To be honest, it does seem to be the US media that has been leading all the Blackberry bashing over the last year or so.
I've lost track of the amount of high profile US publications that have slated Blackberry for no end of reasons - some of them factually wrong and others bordering on darn right lies.
It is a big shame for all the loyal BB users there who've kept flying the flag there when everyone and there dog seemed to be queuing up at Apple stores for the latest minor incremental upgrade.
No, it's BUSH's fault.
CAN and the UK aren't small markets for BlackBerry products. Again, they kept BlackBerry afloat, not the US. Take a look at their GLOBAL market share and not just the US. Its where it is not because the US.
Also, yes you're right, achieving in the US is great for business, but the US is not all be all. Enterprise accounts in the US are stronger than single subscibes. Getting them first is key. They'll make their money in the US, trust that.