TORONTO (Reuters) - Several brokerage firms embellished their cost targets on Research in Motion shares and questioned a BlackBerry maker's ability to recover, after a association serve behind a recover of a new line of smartphones.
The latest check in RIM's new line of BlackBerry smartphones sent RIM shares down scarcely 10 percent in premarket trade on Friday and it has some analysts sounding a genocide knell for a once iconic device.
"RIM reliable a BlackBerry 10 smartphones will be behind until a latter partial of calendar 2012. This could be persion over for a BlackBerry franchise," analysts during Canadian brokerage organisation National Bank Financial wrote in a note to clients.
On Thursday, a association pronounced it did not design to recover a new line of smartphones versed with a new QNX handling system until late subsequent year, prolonged after a initial guarantee of a first-quarter delivery.
"We see a high risk that this is too late to spin around RIM's position and trust a risk of serve delays is meaningful," Nomura researcher Stuart Jeffrey pronounced in a investigate note. "Even in a best case, however, it seems doubtful RIM will have vast volumes of a BB10 inclination on sale within 15 months."
RIM's quarterly distinction forsaken neatly and it expects holiday sales to be so bad that it forecasts a initial quarter-to-quarter decrease in 6 years during a essential holiday sales season.
The Waterloo, Ontario-based company has been counting on a new QNX handling complement to make adult belligerent mislaid to Apple Inc's iPhone and iPad and a slew of inclination that use Google Inc's Android software.
RIM's forbidding opinion comes only dual weeks after a association warned that it would tumble brief of a already lowered mercantile 2012 expectations, due to diseased sales and a vast write down on inventories of a unloved PlayBook inscription that was once seen as a intensity hazard to Apple's iPad.
PRICE TARGET CUTS
Canaccord Genuity cut a price target on RIM's US-listed shares to $15 from $18, citing a check in a launch of BlackBerry 10 to a second half of subsequent year and a company's skeleton to boost sales and selling waste to assistance means halt sales.
Barclays common identical concerns about a company's projected investments into selling and faithfulness programs to recover "mind" share.
"Benefits of a investments are not guaranteed though are expected to keep RIM's handling margins during sustainably reduce levels by 2012 and 2013," Barclays said.
The cost aim on RIM's US-listed shares were cut to $14 from $16 during Barclays, to $12 from $15 during Citigroup and to $8 from $10 during National Bank Financial.
Research in Motion shares, that have mislaid roughly half their value in a final 3 months, fell to $14 in after-hours trade on Thursday, after shutting during $15.13 on Nasdaq.
RIM's shares extended waste early on Friday morning, descending 9.6 percent to $13.68 in trade before a bell.
(Reporting By Euan Rocha in Toronto and Ashutosh Pandey in Bangalore; Editing by Saumyadeb Chakrabarty and Derek Caney)
News referensi http://news.yahoo.com/analysts-slam-rims-latest-phone-delays-124117230.html
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