“We are … more cautious on the timing and impact of Blackberry 10 Smartphones, which at best should arrive in the November quarter,” analyst Tim Long said and cut his price target on the company’s U.S. shares by $3 to $12.
Research In Motion (RIM) is expected to disappoint further in the coming quarters due to no clear news on the launch and impact of its latest version of Blackberry, BMO Capital Markets said, reports Reuters. The Blackberry maker is continuously battling unimpressive sales of its current line-up of product. Analysts feel that the new launch will either make or break the company future with the Blackberry 10.
The company earlier seen in the urge of growing demand in Southeast Asia market is looking out to increasing its sales presence in Indonesia, Malaysia and Thailand. The company is planning to have about 4,000 outlets including flagship stores, store-in-store and kiosks across Indonesia. The company also seen pushing up its infrastructure in India with the put ups of its dedicated server in Mumbai city in the country, where it is doubling the number of retail outlets selling Blackberry smartphone, and it is now adopting a similar approach in other parts of Asia.
(Image Source: RIM logo, Featured Image)
