I always get a kick out of analyst
pulling facts out of thin air projections and extrapolations especially after the last one. The latest comes from Wedbush Securities analyst Scott Sutherland who cut RIM’s stock price target today due to “diminished expectations” for the PlayBook. Based on “Checks” Sutherland performed he found that the PlayBook “may sell only 450,000 units in the quarter ending this month (Q1)” according to Barrons. He has also downgraded his estimate of 3 million PlayBooks being sold in the fiscal year ending February 2012 down to 2.3 million.
Barrons explains Sutherlands claim of why the PlayBook is not doing well due to:
- The small screen and “lack of appeal will limit consumer adoption”
- Lack of support for the “Bridge” feature from Verizon and AT&T
I am really curious if RIM will step up to the plate before June 16th to squash these rumors or confirm them. From what I can tell BlackBerry users are loving the PlayBook and once it has native email I can see other smartphone users starting to change their tune. My bet is that Scott Sutherland “may” be wrong. What do you think?
Anybody glad the analysts stopped bringing up the number of apps?