Canaccord Slashes BlackBerry 10 Sales from Nearly 2 Million to Only 300,000

Canaccord Slashes BlackBerry 10 Sales from Nearly 2 Million to Only 300,000

You always have to take a grain of salt when you read analyst speculative notes. Nevertheless, Canaccord Genuity analyst Mike Walkley has slashed his estimates on BlackBerry 10 sales by 85%.

Walkley originally slated BlackBerry 10 sales at nearly 2 million, but has since estimated at only 300,000. Walkley says his checks with retail stores indicate steady, but modest demand, and that wireless carriers – after initial reports of strong interest – are being cautious with how many devices to order.

“With new BB10 smartphones launching in the U.S. only in mid-March or later at subsidized prices no better than competing high-end Apple/Samsung smartphones… we are lowering our BB10 sales estimates for the February quarter and all of [fiscal] 2014,” Walkley wrote in a note to clients. “Further, we believe carrier support for BlackBerry 10 in the U.S. is modest, as demonstrated by Sprint only planning to launch the Q10 [BlackBerry with a physical keyboard] and T-Mobile only the Z10.”

Do you believe Walkleys research note is accurate? According to BlackBerry, the Z10 has been the best selling BlackBerry phone in the history of the company thus far.

via Globe & Mail

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