Research In Motion Ltd (BBRY): BlackBerry Q10 Sales “Going Well”

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Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) launched its new BlackBerry Q10 handset this week in Canada and the U.K., and analysts at Jefferies say sales appear to be going well so far. In a report issued to investors this week, Jefferies analyst Peter Misek said their checks indicate “broad sell-outs with generally limited stock otherwise.”

Research In Motion Ltd (BBRY): BlackBerry Q10 Sales “Going Well”

According to Misek, the BlackBerry Q10’s initial limited launch in the U.K. last weekend indicated very strong demand, which continued this week as the handset was rolled out across the greater Toronto area and in more parts of the U.K.

Jefferies analysts also said they noted that BlackBerry 10 build plans were increased to more than 2 million in April, and their checks this week indicate that they haven’t changed since.

Expectations For BlackBerry Live

The analysts also discussed their expectations for BlackBerry Live, which is scheduled for May 14 – 16 in Orlando. This year’s event is expected to focus on how BlackBerry 10 can even be used in the management of Android and iOS devices. They believe we’ll see the launch of sandbox capabilities for both Android and iOS in June, although it may also be previewed at the conference this month.

They’re also expecting to see BlackBerry 10 become more streamlined, which they believe will help convince enterprises to push roll-outs of BlackBerry 10 out further rather than just the trials they’re using right now. In streamlining the platform, Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) will combine BlackBerry Device Service with Universal Device Service on the same server. Currently the two server-side components are on separate servers.

Research In Motion Ltd (BBRY) —“Not Just About The Phone””

Jefferies analysts believe that Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) is no longer just about the phones and that they see strength in the BlackBerry 10 platform and its mobile device management capabilities. They also point out that the BlackBerry 10 phones are being tested by a number of corporations and that they will be tested and approved by the U.S. Department of Defense—even though bears think federal funding cuts will prevent that from happening.

As of this writing, shares of Research In Motion were up 1 percent at the NASDAQ.

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