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Thursday, Nov 29
2012, 11:50 AM
Research In Motion (RIMM +6%) has given up some of the premarket gains it saw due to Goldman's...
Research In Motion (RIMM +6%) has given up some of the premarket gains it saw due to Goldman's upgrade, but is still sharply higher. Goldman only gives BlackBerry 10 a 30% chance of success, though it does see the OS delivering a 21% Y/Y increase in RIM's ASP in FY14 (ends in Feb.) to $270. It now expects RIM to earn $0.20/share in FY14, but foresees a $0.62/share loss for FY15, as declining emerging markets sales weigh on results. IDC recently estimated both iOS and Android are now seeing stronger business purchase activity than BlackBerry.