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Old 08-10-2011, 10:37 PM   #1
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Default RBC: BlackBerry 7 phones wonít help RIMís image

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RBC: BlackBerry 7 phones wonít help RIMís image; first QNX phone to be Ďmini-PlayBookí



Research In Motion will sell at least 22 million BlackBerry 7 smartphones in fiscal 2012, accounting for a minimum of 40% of its unit sales according to RBC. In a note to investors on Wednesday, RBC Capital Markets MD Mike Abramsky said that RIM will launch seven new BlackBerry 7 devices this year, representing the vendorís largest product cycle ever. While the Waterloo, Ontario-based vendor will be release its new phones across more than 225 carriers around the world, Abramsky notes that consumer adoption is still a huge question mark. RBCís EPS estimates for RIMís fiscal 2012 range from $4.75 (9% below Wall Streetís consensus) to $6.00 (16% above the Street) depending on user uptake and average selling prices. Regardless of performance, however, the analyst notes that ďBlackBerry 7 is unlikely to reverse deeply negative investor sentiment over RIMís future, pending improved visibility to success or failure of pending QNX handsets expected 2012.Ē On QNX, Abramsky says the first smartphone to launch with RIMís OS of the future will look like a ďmini-PlayBook.Ē He believes the phone will hit the market in the first quarter of calendar 2012, and it will feature a 4-inch touchscreen display, dual cameras and a dual-core processor. BGR on Tuesday reported that RIMís first QNX phone carries the codename ďColt,Ē and current test units sport a single-core CPU though the phone may feature a dual-core processor at launch. Abramsky also notes that RIMís first QNX phone will feature a standalone email client and RIMís Android app player at launch, and these items will be available for the PlayBook in the coming months.
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