I am still in a bit of a daze when I read analyst reports that are bullish on RIM. The latest is from The Street (via N4BB) that explains why RIM is different from Palm and its all about the installed base. The author Eric Jackson, founder and Managing Member of Ironfire Capital, found that:
According to surveys that Scotia Capital analyst Gus Papageorgiou has seen, 70% of existing RIM subscribers plan to upgrade. That would be massive and I can’t quite imagine that’s possible even in my wildest dreams. However, 30-40 million out of 80 million seems very doable (including a few million of completely new BlackBerry subscribers).
In short this is another analyst that is bullish on RIM being able to convert a large portion of their current subscribers. That includes RIM’s ~8 million customers in the US.