Tuesday, June 16, 2009
The New Tour 9630
RIM rolled out its newest handset the Tour 9630, which has 3G capabilities and is said to be able to operate globally. The new handset will be sold at a price of $199.99, after rebates and on a two-year contract, in the US through Verizon Wireless and Sprint Nextel. The new model is said to be the company's answer to Apple's new 3GS iPhone.
Friday, June 12, 2009
RIM BUYS DASH
Research In Motion has acquired U.S.-based Dash Navigation, allowing the BlackBerry maker to provide real-time traffic information and its own GPS mapping solutions. There were few details available on the acquistion, confirmed yesterday by RIM. Dash Navigation was the maker of an Internet-connected GPS system, that provided traffic and destination information. The acquisition would allow RIM to improve on its GPSenabled smartphones.
JP Morgan Boosts Estimate
J.P. Morgan analyst Ehud Gelbaum raised his estimates and price target on Research In Motion (RIMM), while maintaining his Neutral rating on the stock.
Gelbaum, boosted his EPS estimate for the February 2010 fiscal year to $4.06 from $3.71; for FY 2011 his estimate is unchanged at $4.64. For the May quarter, his new estimate is 96 cents, up from 88 cents. His price target on the share is now $88, up from $74. The stock closed yesterday at $83.45.
Gelbaum writes in a research note that the higher EPS estimates reflects an upward revision in his expectations for both gross margins and devices sold for the latest quarter. His forecast on units shipped for the May quarter rises to 7.9 million from 7.7 million, "reflecting the ultra-lean channel inventories entering the quarter and the overall decent handset trends in Q2."
He also says the company could raise FY 2010 gross margin guidance from low 40s to the same 43%-44% range they forecast for Q1, given that "none of RIMM's soon-to-be-launched phones this year contain margin busting new components," unlike FY 2009 when the touch-screen Storm was introduced.
Gelbaum, boosted his EPS estimate for the February 2010 fiscal year to $4.06 from $3.71; for FY 2011 his estimate is unchanged at $4.64. For the May quarter, his new estimate is 96 cents, up from 88 cents. His price target on the share is now $88, up from $74. The stock closed yesterday at $83.45.
Gelbaum writes in a research note that the higher EPS estimates reflects an upward revision in his expectations for both gross margins and devices sold for the latest quarter. His forecast on units shipped for the May quarter rises to 7.9 million from 7.7 million, "reflecting the ultra-lean channel inventories entering the quarter and the overall decent handset trends in Q2."
He also says the company could raise FY 2010 gross margin guidance from low 40s to the same 43%-44% range they forecast for Q1, given that "none of RIMM's soon-to-be-launched phones this year contain margin busting new components," unlike FY 2009 when the touch-screen Storm was introduced.
Tuesday, June 2, 2009
RIM Takes Over 1/3 Of Cell Phone Industry Profits
Although smart phones represent a small portion of all cell phones sold every year, when it comes to profit, RIM and Apples are going to take the majority in 2009.
RIM did the best on profit growth, increasing its estimated share of industry profits from 8% (2007) to 19% (2008) to 35% (2009). Apple’s share of industry operating profits went from 3% in 2007 to 20% in 2008 and to an estimated 31% in 2009.
Source: Tech Crunch
RIM did the best on profit growth, increasing its estimated share of industry profits from 8% (2007) to 19% (2008) to 35% (2009). Apple’s share of industry operating profits went from 3% in 2007 to 20% in 2008 and to an estimated 31% in 2009.
Source: Tech Crunch
Wednesday, May 27, 2009
BlackBerry Is Behind In Web Traffic
According to a AdMob report, iPhone leads in Web Traffic in Apple, while BlackBerry is in a distance third place.
Source: AdMob
Wednesday, May 20, 2009
Yahoo! Mobile For BlackBerry Get Cancelled
An interesting development at Yahoo. Here is an email received by a Yahoo! Mobile Beta user.
From: Yahoo! Mobile beta
ReplyTo: xxxxx
Subject: Yahoo! Mobile for smartphones beta update
Sent: May 18, 2009 8:30 AM
After careful consideration, Yahoo! has decided to cease development of Yahoo! Mobile for smartphones effective Wednesday, May 20th.
Moving forward, we will be focusing our efforts on the newly-launched Yahoo! Mobile experience for browsers (available at new.m.yahoo.com) and for the iPhone (available via the Apple App Store).
The feedback we’ve received from our beta testers during this program has been extremely helpful in improving the customer experience across all of our Yahoo! Mobile products. We hope you’ve enjoyed being a beta tester and that you’ll continue to provide passionate input to us regarding our products.
We apologize for any inconvenience this may cause you. If you have further feedback or any other questions, please contact customer care.
Many thanks,
The Yahoo! Mobile team
From: Yahoo! Mobile beta
ReplyTo: xxxxx
Subject: Yahoo! Mobile for smartphones beta update
Sent: May 18, 2009 8:30 AM
After careful consideration, Yahoo! has decided to cease development of Yahoo! Mobile for smartphones effective Wednesday, May 20th.
Moving forward, we will be focusing our efforts on the newly-launched Yahoo! Mobile experience for browsers (available at new.m.yahoo.com) and for the iPhone (available via the Apple App Store).
The feedback we’ve received from our beta testers during this program has been extremely helpful in improving the customer experience across all of our Yahoo! Mobile products. We hope you’ve enjoyed being a beta tester and that you’ll continue to provide passionate input to us regarding our products.
We apologize for any inconvenience this may cause you. If you have further feedback or any other questions, please contact customer care.
Many thanks,
The Yahoo! Mobile team
Tuesday, May 19, 2009
RIM has no netbook plans
RIM’s co-CEO Jim Balsillie has promised that the company will stay focused on phones, despite its competitors - particularly Nokia - talking about diversifying to netbooks and laptops.
Balsillie said the company has no interest in adding a netbook to RIM's product line. The only netbook Balsillie is interested in is one "you can hold up to your ear and clip onto your belt." In other words, a BlackBerry. Anything larger just won't cut it, as a parade of discontinued non-phone portable hardware has already shown us. "These devices don’t work," he said.
Interestingly, Apple has a similar view on netbooks. Asked about Apple's interest in the category during an late April earnings calls, COO Tim Cook said it has none.
Balsillie said the company has no interest in adding a netbook to RIM's product line. The only netbook Balsillie is interested in is one "you can hold up to your ear and clip onto your belt." In other words, a BlackBerry. Anything larger just won't cut it, as a parade of discontinued non-phone portable hardware has already shown us. "These devices don’t work," he said.
Interestingly, Apple has a similar view on netbooks. Asked about Apple's interest in the category during an late April earnings calls, COO Tim Cook said it has none.
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