Must Read Rumors

Kate Middleton, Prince William and Prince Harry set to be part of mental health documentary

The royal trio will reportedly take part in a mental health documentary for their mental health campaign.

Kate Middleton will visit EACH hospice at Quidenham

The Duchess of Cambridge, née Kate Middleton, is set to visit East Anglia’s Children’s Quidenham hospice for the first time this month.

Kate Middleton at first 2017 engagement: ‘Parenting is tough’

The Duchess of Cambridge, née Kate Middleton, recently visited the Anna Freud Centre for Children and Families that focuses on early intervention for young children with mental health issues.

Prince Harry and Meghan Markle spent first holiday together in Norway

For their first vacation as a couple, Prince Harry and Meghan Markle flew to Norway to admire the Northern Lights.

Kate Middleton and Prince William’s 2016 Christmas card revealed

The Duke and Duchess of Cambridge, née Kate Middleton, have released their official holiday card.

Kate Middleton, Prince William and Prince Harry set to be part of mental health documentary
Kate Middleton will visit EACH hospice at Quidenham
Kate Middleton at first 2017 engagement: ‘Parenting is tough’
Prince Harry and Meghan Markle spent first holiday together in Norway
Kate Middleton and Prince William’s 2016 Christmas card revealed

iPhone 5 rumors: RIM likely to announce poor Q4 results, iPhone 5 could eclipse BlackBerry 10, says analyst

by Nicole
March 2, 2012 at 12:38 am

Shares in Research In Motion were down more than 4 per cent on Thursday after a research analyst said the BlackBerry maker is likely to miss its fourth-quarter sales targets.

”We are cutting our RIM estimates and target based on our belief that there is a greater than 50% chance that RIM will negatively pre-announce the February quarter,” Jeffries & Company analyst Peter Misek said in a research note to investors on Thursday. “We believe sales of both RIM’s low-end and higher-end phones continue to be challenged.”

Misek trimmed his target price to $12 from $15, rating RIM “underperform” and warning that it came up short on BlackBerry shipments in the fiscal Q4 ended in February.

The analyst also lowered his forecast for the February quarter to 10.5 million units from 12 million.

Misek trimmed his estimates regarding the February quarter earnings to 69 cents a share on revenue of $4.2 billion, down from his previous forecast of 82 cents a share on revenue of $4.6 billion.

“We believe street numbers will likely be revised down given the lack of major new products in the near-term and continued sales challenges due to competitive pressure from both low-end and high-end devices,” said Misek, adding that the launch of the BlackBerry 10 handset after the release of Apple’s iPhone 5 will be “particularly troubling.”

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