2009
09.21
09.21
RIM will report Q2/F10 on September 24 after the market close. A call is
scheduled for 5PM. Our Q2 est. together with consensus is generally at the
mid-point of RIM’s guidance range. Overall, RIM is still balancing growth
and profitability as it expands internationally and with consumers.
The take
up of the new products (Curve – Tour & Optical Track Pad) by key carriers
(AT&T – Curve 8900, Verizon/Sprint -Tour, T-Mobile – OTP) was robust this
summer, a trend we expect to continue into the seasonally stronger Q3.
For Q3, we expect growth to continue driven by normal seasonality and
promotion of RIM’s new products (i.e. Curves/Storm 2). One issue to
consider is the impact of the emerging competitors (Apple, MOT, HTC,
Nokia. Palm).
No Comment.
Add Your Comment