Blackberry claws its way back
BlackBerry's new Q10 smartphone is selling well in both Canada and Britain, an industry analyst has claimed.
Jefferies analyst Peter Misek said in a note to clients that his checks indicate broad sellouts with generally limited stock otherwise.
He wrote that based on his store checks, the BlackBerry Q10 has been selling extremely well and has been sold out or seeing limited availability in Toronto and across the UK.
Misek thinks people should buy Blackberry shares as the outfit seems to have pulled its nadgers out of the fire and said his findings were based on checks with top mobile carriers and retailers in both countries, including Bell, Rogers and Telus in Canada, and Carphone Warehouse, Vodafone, and Orange in Britain.
BlackBerry hopes its new line of smartphones, led by the touchscreen Z10 device it introduced earlier this year, will help claw back market share lost to Android.
It was a good week for Blackberry. The Jefferies report came a day after the Pentagon gave the BlackBerry 10 devices security clearance for use on US defence department networks.
The Pentagon's approval is crucial for BlackBerry if it wants to market the devices to other security-conscious government, legal and financial industry clients.
Last week, international law firm Clifford Chance announced that it would roll out roughly 1,600 BlackBerry 10 smartphones to its employees and Canadian Tire Corp, which owns a wide range of retail outlets across Canada, and said it planned to roll out the new BlackBerry devices to its corporate team.
Misek said he believes that BlackBerry's device management offering is under appreciated and that BES 10 is being widely tested by corporations.
He said that BlackBerry's MDM software will gain traction throughout this year and see a significant ramp in revenues next year.