Analysts believe RIM’s BB10 has no shot in the mobile market. RIM hasn’t released a new device in almost a year. Some carriers claim they have gone months without selling a single unit at certain retailers. If the public is not interested in BB10 this might be it for RIM in the mobile market.
“We believe BB10 is likely to be DOA,” James Faucette, a Pacific Crest analyst in Portland, Oregon, said in a report. He has the equivalent of a sell rating on the shares. “We expect the new OS to be met with a lukewarm response at best and ultimately likely to fail.”
RIM shares had climbed 27 percent through yesterday since Sept. 27, the day it reported a narrower second-quarter loss than analysts estimated, with an increase in cash reserves and growth in its customer base. The Standard & Poor’s 500 index has lost 1.3 percent in the same span.
