I came across this article on Bloomberg and something caught my attention so I wanted to point it out to you. In the article, several analysts display their opinions. Certainly, everyone is entitled to their opinion. The bad part however, comes when these analysts try to sell their opinions to mislead the actual truth. It’s no secret the media spins the article to begin with, and insufficient data, only makes the situation worse. While their main focus is sales and stock in the US, they fail to realize that BlackBerry runs far beyond the North American jurisdiction. India, Indonesia, Latin America, China are all countries that endorse BlackBerry as the “modern device” that accomplishes all, so clearly, those sales need to be added to the collection of data that BlackBerry skeptics provide.
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Some American analysts may be overly focused on U.S. sales, while Canadians focus on RIM’s faster-growing regions like Brazil and Indonesia, said Matt Thornton, an Avian Securities LLC analyst in Boston. “If you look at India, Indonesia, Latin America — it’s a sexy booming brand,” said Thornton, who rates RIM “positive.” “For RIM, most of the headlines and chatter is about the U.S. If everyone really understood and took in the full international perspective, the stock’s valuation would be better.”
As for the international market, the BlackBerry Curve and Bold across Latin America and Asia and has been rewarded as sales outside Canada, the U.S. and the U.K. jumped 89 percent last quarter, outpacing the North American market.
So before you start claims like “RIM is doomed”, make sure and gather ALL data when doing so, Thanks!