Early signs from the U.K. Q10 launch are "very very good" and BlackBerry (BBRY +3.1%) foresees...


Early signs from the U.K. Q10 launch are "very very good" and BlackBerry (BBRY +3.1%) foresees "several tens of millions" in Q10 sales altogether, says Thorsten Heins in a Bloomberg TV appearance (video). Given BlackBerry's own sales figures as well as 3rd-party forecasts, he might be getting ahead of himself. Meanwhile, RBC has raised its May quarter BB10 shipment forecast to 2.75M from 2M, citing signs of "pent-up demand" for the Q10. (Jefferies report)
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Comments (24)
  • alext1379
    , contributor
    Comments (811) | Send Message
     
    Last time he said to expect good numbers, he delivered. He wouldn't say tens of millions if they didn't have the ability to manufacture and sell close to this amount. When I hear tens of millions, that number to me would between 10-20 million, just a quarter of their current user base.

     

    I'll believe Thor before I believe a bear.
    29 Apr 2013, 02:28 PM Reply Like
  • earningbux
    , contributor
    Comments (3) | Send Message
     
    The comment as I heard it was " ... several tens of millions". He did not specify a time frame.
    29 Apr 2013, 03:07 PM Reply Like
  • earningbux
    , contributor
    Comments (3) | Send Message
     
    Bullish, invested long in BBRY
    29 Apr 2013, 03:07 PM Reply Like
  • kherman
    , contributor
    Comments (862) | Send Message
     
    20+ million bb10 devices this year is easy. I expect 30-40 million. For 10+ million q10 to ship would not be shocking.
    29 Apr 2013, 04:14 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6920) | Send Message
     
    So RBC raised its forecast by 37.5%, so (BBRY) should be $20 (1.375 * $15) by June.
    29 Apr 2013, 02:30 PM Reply Like
  • IRBAHTAN
    , contributor
    Comments (13) | Send Message
     
    It is nice to get some positive reports on the Q10 after the very pessimistic, although perhaps dubious, reports that emerged last week on the Z10.

     

    According to Michael Collins, Q10 sales do appear brisk at least one retailer in the UK.

     

    http://bit.ly/18fMSbg

     

    It will be interesting to see if any legal action emerges from the many questionable reports that have emerged regarding BBRY since the launch of BB10.
    29 Apr 2013, 02:31 PM Reply Like
  • Crispin_in_Waterloo
    , contributor
    Comments (1649) | Send Message
     
    Notice that stupid (unbelievable) negative reports appear on Thursdays accompanied by share-dumping to try to make it look as if 'investors' are scared by the 'news'. Then the shorts try dumping more on Friday so it passes through the weekend having 'reacted' to the 'news'. "Woe is us."

     

    Thorsten was right to go after the manipulators. In fact the mere threat of an investigation seems to have ended the coordinated actions. Nothing much seems to be taking place now. I think they fired their best shot and it is pretty much over.

     

    The Q10 launched and they had to try to make a panic before then. Didn't work. With a new product every 2 months for the rest of the year, expect more and more good sales news.
    29 Apr 2013, 03:20 PM Reply Like
  • Mondego
    , contributor
    Comments (421) | Send Message
     
    I expect a dump again on wednesday or thursday
    29 Apr 2013, 03:27 PM Reply Like
  • LYogi
    , contributor
    Comments (3108) | Send Message
     
    probably given the history. whenver there is a few quiet days in a row someone dumps.
    29 Apr 2013, 03:28 PM Reply Like
  • IRBAHTAN
    , contributor
    Comments (13) | Send Message
     
    Yes the timing of these reports has been very convenient, with the bearish analyst quotes than quickly getting recycled through various media outlets.

     

    It will be surprising if the SEC actually punishes anyone based on the complaint filled by BBRY, but one can be hopeful.
    29 Apr 2013, 03:30 PM Reply Like
  • LYogi
    , contributor
    Comments (3108) | Send Message
     
    http://bit.ly/14IZviI
    29 Apr 2013, 02:46 PM Reply Like
  • pvshah6542
    , contributor
    Comments (84) | Send Message
     
    Great job Thor! U made my day. I somehow guess the success of Q10 shall spread the good word of how great the BB10 OS is, which in turn shall bring in many more touch screen fans to the Z10!

     

    I am surely looking at the upcoming quarter getting blown past all street estimates by a HUGE margin. That should finally create a short squeeze like we have seen in Netflix and Tesla :) GO BB!!
    29 Apr 2013, 02:49 PM Reply Like
  • Mondego
    , contributor
    Comments (421) | Send Message
     
    Lol - Yes. Thor is a total BAMF
    29 Apr 2013, 02:56 PM Reply Like
  • tsaloo
    , contributor
    Comments (20) | Send Message
     
    From the Guardian:

     

    "Corporate buyers and exporters queue to buy dozens of handsets at a time to get keyboard-based BB10 model despite lack of advertising around UK launch.

     

    In a statement, Selfridges said that the Q10 had been its fastest-selling consumer electronics product ever, through its London, Birmingham and Manchester stores. "Selfridges' initial stock of the BlackBerry Q10 sold out in stores within two hours," the store said in a statement. "Stock of the BlackBerry Q10 is being continually delivered on the hour, every hour to keep up with demand."
    http://bit.ly/17ti0FH
    29 Apr 2013, 03:08 PM Reply Like
  • TECHCAPITAL
    , contributor
    Comments (36) | Send Message
     
    Several tens of millions to me means more than 10-20 million.
    29 Apr 2013, 03:08 PM Reply Like
  • kherman
    , contributor
    Comments (862) | Send Message
     
    By definition of several, it's 20+ million.
    29 Apr 2013, 04:14 PM Reply Like
  • robbiejojo
    , contributor
    Comments (15) | Send Message
     
    Thorsten Heins does not see the world (especially BlackBerry) through rose coloured glasses. This is a man who shortly after taking power and finding out the true facts of what was going on internally turned this company upside down, refocused it then commenced to execute a very well thought out plan. Since that time he has never given a reason to doubt his word, perhaps even too conservative at times.

     

    If he says "several tens of millions" in Q10 sales I believe him.

     

    BTW several conjures up 40, 50, 60 million in my eyes certainly more than 10 or 20 million. This phone is going to be a killer!
    29 Apr 2013, 03:08 PM Reply Like
  • IRBAHTAN
    , contributor
    Comments (13) | Send Message
     
    I agree that BlackBerry management gets very little credit from the market. I actually wrote an article about it a few weeks ago:

     

    http://bit.ly/14JgXU6

     

    It is an entirely new team in Waterloo, and they have completely turned the company around in a short period of time through cost cutting and a refocused strategic planning. RIM really was on the brink not that long ago.

     

    The focus on mobile computing as opposed to handset sales will likely payoff in the long run. Several quotes I read from Heins suggest to me that he is looking much further ahead than the BB10 launch and will be looking to business areas that are more sustainable.

     

    The smartphone market is getting more competitive on a daily basis and accelerating margin compression is inevitable. I would expect that in a few years BlackBerry may no longer even be in the hardware business.
    29 Apr 2013, 03:41 PM Reply Like
  • rascallion
    , contributor
    Comments (28) | Send Message
     
    Thorsten on Bloomberg TV.....

     

    http://bloom.bg/18g5oAu
    29 Apr 2013, 03:46 PM Reply Like
  • Roger c
    , contributor
    Comments (156) | Send Message
     
    @rascallion, thank you for the link.
    29 Apr 2013, 07:42 PM Reply Like
  • jack434
    , contributor
    Comments (43) | Send Message
     
    Thanks,
    Thornsten appeared uncharacteristically relaxed. A good signal, I believe.
    30 Apr 2013, 01:22 AM Reply Like
  • Frank Siedler
    , contributor
    Comments (980) | Send Message
     
    Back to the roots, back to physical keyboard, back to the typing rocket! :-)
    29 Apr 2013, 03:52 PM Reply Like
  • grumbles
    , contributor
    Comments (91) | Send Message
     
    if you are really in for the long term, dont sell on thu or fri when the shorts will put out their drivel. last thursdays article had no effect in the end except to scare a few people to hit the panic button.
    29 Apr 2013, 04:54 PM Reply Like
  • boomdoger777
    , contributor
    Comments (158) | Send Message
     
    BlackBerry is a 10 bagger!
    29 Apr 2013, 10:16 PM Reply Like
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