BlackBerry 10 "Has a Low Chance of Success," Morgan Stanley Analyst Says

RIM’s BlackBerry 10 operating system will launch in January and the company’s first handsets powered by the new OS will follow shortly after. RIM needs those smartphones to be a success, otherwise it faces almost certain doom. Wall Street is already skeptical about RIM’s ability to deliver on its promises, and a new report from Morgan Stanley analyst Ehud Gelblum suggests BB10 could fall flat.

“We continue to believe BB10 has a low chance of success,” Gelblum said Tuesday in a report obtained by Forbes. “While some of the new features on BB10 seem innovative, we had a similar reaction to Palm’s WebOS when we saw it at CES in ‘09. Ultimately we believe BB10 is too late, and subs continue to shift to competitive devices. According to a global mobile workforce survey in mid-Oct, just 5% of respondents expect to upgrade to a BB, even below MSFT at 8%.”

Gelblum also says that developers aren’t interested in creating new applications for the platform and that the landscape is more competitive than ever.

That’s definitely a good point, considering Windows Phone 8 is now on the scene, but we’re willing to give RIM a shot with BB10 when it launches early next year before we make our own judgements.

[via Forbes]



Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...