RIM's Ultra High-Risk Waiting Game
"The lack of an LTE product and a high-end consumer offering in this market is hurting our performance," he explained. "
The problem, though, is that the BlackBerry 10 will not appear until the second half of 2012, likely sometime in the fall. In the meantime, RIM continues to take a pounding from Apple(AAPL) , Google's(GOOG) Android phones, and, increasingly, Microsoft(MSFT) Windows phones.
"Until then, things may get ugly," warned Charlie Wolf, an analyst at Needham & Company, in a note released on Friday. "To survive, the company plans to price BlackBerry 7s aggressively, which will translate into lower revenues and gross margins. In short, RIM can effectively write off the next two or three quarters until BlackBerry 10's arrival in the fall."
"Until the fall,