BlackBerry Limited (BB)

[kelvin777]

This is why we are down because another survey and opinion from Canaccord’s analyst. What another joke. $9 price target???????
Wait until the next month's quarter update that blows them past their targets. They are up to something and will need to cover.

Global Survey Confirms Analyst’s Bearish Stance on Blackberry
By Iain Butler - May 6, 2013 | See also: BBRYBB

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With a $9 target, Canaccord’s analyst is one of the most bearish out there on Blackberry (TSX:BB,NASDAQ:BBRY) shares. Therefore, it’s little wonder the “global survey” the firm conducted indicated “mixed Blackberry sell-through trends”.

Broadly speaking, Canaccord found that sales of the Z10 (no physical keyboard) have weakened over the past month or so. Conversely, initial demand for the Q10 (keyboard) have been strong. Combined, these findings made the analyst lower his sales estimate from 3.3 million to 2.8 million units in the current quarter.

Canaccord’s survey indicated that Samsung and Apple (NASDAQ:AAPL) continue to mop the floor with their smartphone competitors. Samsung is estimated to have shipped almost 70 million smartphones during Q1/13, capturing 43% of industry profits. Guess who earned the remaining 57%? Apple. Canaccord expects Blackberry, Nokia, and LG will turn in break-even results.

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