For Immediate Release
Chicago, IL – June 6, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Research In Motion Limited *(BBRY - Free Report) , T-Mobile US Inc. (TMUS - Free Report) , Verizon Communications (VZ - Free Report) , AT&T Inc. (T - Free Report) and Sprint-Nextel Corp. (S - Free Report) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: https://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
BlackBerry Q10 Nears U.S. Launch
Smartphones manufacturer, Research In Motion Limited‘s *(BBRY - Free Report) keyboard based Q10 version is set to hit the US stores this week. The much-awaited QWERTY-based smartphone is supported by BlackBerry’s latest BB10 OS (Operating System).
T-Mobile US Inc. (TMUS - Free Report) customers will be the first to lay their hands on the smartphone. The pre-orders for the phone are currently undergoing for business customers. The smartphone will be available online and in stores for a down payment of $99.99 and 24 monthly payments of $20.
The largest U.S. carrier, Verizon Communications (VZ - Free Report) has already started taking pre-orders for the phone, store availability of which is yet to be disclosed. Q10 customers will be able to enjoy Verizon’s superfast LTE (Long Term Evolution) network that will allow them to watch live matches, download HD movies and stream videos faster. Verizon has priced the smartphone at $199.99 with a new 2-year contract.
Meanwhile, AT&T Inc. (T - Free Report) has already opened a pre-registration webpage on its website and will start taking pre-orders from Jun 5, 2013. However, the third-largest U.S. carrier, Sprint-Nextel Corp. (S - Free Report) declared that it will unveil the phone this summer.
BlackBerry has been struggling in a smartphone market mainly dominated by iPhone and other Android-based devices. In an attempt to recover its deteriorating smartphone business, BlackBerry launched its much-awaited BB10 OS-based device on Jan 30, 2013.
Initially, BlackBerry started selling the touchscreen version (Z10) of its smartphone in 25 countries and has received good response in Canada and the U.K. However, according to a media report, demand has fizzled out in most of the countries and even the U.S. launch has failed to create any significant result.
A couple of months back, the company launched its keypad version and achieved good response in Canada and Great Britain. Q10 shares some of the Z10 features like BlackBerry Hub, Flow and Balance in addition to its existing BlackBerry Messenger service.
QWERTY-based handsets are losing ground in a market mainly dominated by touchscreen smartphones. However, we believe that with Q10, BlackBerry is targeting a niche market where customers still prefer a keyboard version over a touchscreen one.
U.S. is one of the most lucrative markets for BlackBerry and launching Q10 will provide the much needed push to the declining sales of its latest BB10 OS-based device. Nevertheless, it remains to be seen how Q10 fairs in the U.S. where its predecessor Z10 failed to gain any meaningful market share.
Research in Motion currently carries a Zacks Rank #3 (Hold).
*Research In Motion announced that effective Jan 30, 2013, the company would operate around the world under the name BlackBerry. From Feb 4, 2013, the company’s ticker symbol for trading has been changed from “RIMM” to “BBRY” on NASDAQ. The legal name of the company has not changed, for which the approval of the official change by shareholders will be sought at the company's Annual General Meeting later in 2013. During the time, the company will do business as BlackBerry.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: https://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: https://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at https://at.zacks.com/?id=5518.
Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339