Last week I was chuckling when I read the latest analyst report from Deutsche Bank’s Brian Modoff about how BlackBerry sales in Canada were “positive” while running into a “tepid reception” in the UK. Personally I don’t give analysts reports much weight but at least they are mostly agreeing on Canada. What I truly found funny was when I read the analysis of Deutsche Bank’s flawed UK analysis by Michael Collins on Seeking Alpha. It turns out that Deutsche Bank performed some pretty asinine analyst mistakes in their “research.”
First of all instead of calling Vodafone which has had the Q10 the longest they decided to call EE and O2. Of those EE did not even have the BlackBerry Q10 for sale and were only taking preorders. In other words of the two operators they checked one of them was not even selling the device. They also totally missed the point by not calling The Carphone Warehouse or Phones4U and focusing on only those carriers. Last but not least they seem to have missed the boat on BlackBerry Q10 business sales that skip retail stores.
Either way Collins does a great job of explaining why you must be “careful about analyst research notes that have a clear agenda regarding BlackBerry.” I personally just think it reaffirms my belief in Sturgeons Law.