Two Of Canada's LARGEST Carries Saying Record Orders Today. Read Here.
Chicago Tribune -Breaking Business
Bloomberg 2/5/13 Blackberry 10 Off to Record Start
Orders For Smartphones Sales, in Britain Soar
February 5, 2013
BlackBerry's Z10 smartphone has attracted record orders at Canadian wireless carrier BCE, and analysts say sales are off to a strong start in Britain, sparking a 15 percent surge in BlackBerry's shares Monday.
BCE, Canada's No. 2 carrier, said early orders for the Z10 have topped any previous BlackBerry model, while one Carphone Warehouse outlet in Britain, where the phone has been on sale since Thursday, sold out of the model in less than half an hour, local staff said.
BlackBerry is counting on a robust start before the Z10 goes on sale in the United States in March to help reverse six quarters of declining sales and years of market-share losses to rivals led by iPhone maker Apple Inc.
"Even if the long-term prospects for the platform are very uncertain, we believe all is in place for BlackBerry 10 to enjoy a great debut," said Pierre Ferragu, an analyst at Sanford C. Bernstein in London. "Initial feedback we have received from distributors on the first days of sales is particularly positive."
BCE's Bell Mobility site has been taking Z10 orders since the beginning of January and the device topped all BlackBerry orders even before Wednesday's unveiling, Bell spokesman Mark Langton said. Rogers Communications, the country's largest wireless carrier, said it has received "thousands" of orders for the touch-screen Z10.
So obvious to see this is going much higher. Stock was priced in the 40-90$ range the last time they had sales like this. But now they are blowing past those numbers. This really should be a $35-45 stock today. It hasn't priced in any of these increased sales. And to think they will probably sell 15 mil phones next qtr. Wow is this stock undervalued. Remember, in 2010 they only had 50 million subscribers. Today it stand near 80 mil and will certainly grow from this OS.
This stock will run to $50 this year and 85 next. The momemtum will carry sales well into next year just as it did with pervious makers phones.