BB10 failed to impress Wall St analysts

BlackBerry Z10 does not succeed to spread the magic which was expected from it. This long delayed device was unveiled on Wednesday along with a QWERTY BB Q10 device. Due to long delay and unlimited leaks it failed to impress wall Street Analysts. Both the device were launched with BlackBerry 10 OS,  shown recently in CES.
     
                      "Despite recent enthusiasm for RIM's new BB10 devices,we see limited scope for traction in hypercompetitive  smart phone market,"Credit Suisse analysts wrote in a note.

As we know RIM is facing a tough comptetion in smartphone market with Android and Apple devices. This device was a hope for RIM but market analysis shows that it did not perform so well. RIM's Nasdaq-listed shares were set to open 3% lower on Thursday. They closed 12% down on Wednesday at $13.78.Also it's Toronto listed shares also fell to same margin at C$13.86.

Some other analysts also said that it is a big crisis for RIM in such rough time when they are going down and down every day.They said that RIM had best possible device launch it could have hoped for,but there were many challenges ahead.

We are also expecting that some steps taken by RIM were not good but still there is a hope because the devices are not launched Globally yet so it can do better so let us wait and see what happen

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