Growth for Research in Motion

Growth for Research in Motion

Research in Motion is expecting to show growth in both new users and replacement sales for Blackberry at the end of Q3.

Analyst at Nomura Richard Windsor said: ‘New products and net adds have been supporting growth in FY2008, but a more mature market and the law of large numbers is likely to mean that FY2009 is slower. There is also the possibility of a consumer recession in developed markets hitting corporate IT expenditure. Although we believe that this trend would affect RIM much less than others, it could still take some of the higher forecasts down to more reasonable levels. We continue to find the valuation extremely challenging and recommend that investors sell the shares.’

New products such as WiFi versions of Pearl and Curve, as well as the availability of Pearl on CDMA networks, look to have kept replacement at a very high level. 

Written by Mobile Today
Mobile Today

Comments

Please wait...


Please write code to prove you're human