SAN FRANCISCO (MarketWatch) -- BlackBerry Inc. said Tuesday that more than half of the customers purchasing the company's new Z10 smartphone in Canada are new to the BlackBerry platform. The disclosure was made during a conference for the company's enterprise customers and developers in San Francisco. During his keynote, BlackBerry VP Richard Piasentin also said more than 33% of customers buying the Z10 in the U.K. are also new to the company's smartphone platform.
Oh, they're not taking share back from Apple and Android eh?
Well, either these guys are lying or the claimed "channel check" numbers are a work of pure fiction and are likely understating sales figures -- maybe by a factor of three or more.
There is other evidence for this as well, including claimed enterprise sales figures coming from some channels.
Where are these "channel check" folks getting their numbers?
It's always interesting to listen to these sorts of prognostications, as there is never a way to fact-check the data being claimed, nor are the sources ever disclosed. On the other hand we have a few people (including a couple of authors on Seeking Alpha) who claim to have actually visited various retailers and dealers in the UK, asking about sales trends and stock levels, and those reports appear to directly contradict the so-called "channel checks."
The facts will be developed when the firm reports, of course -- which is about a month from now.
Until then the whipsaw game of 5+% daily moves in the price of the stock is to be expected to continue, but the SEC damned well ought to be looking at these so-called "channel checks" to find out if they are about as "organic" and "transparent" as the former so-called "expert networks" -- or worse, if they're just plain old-fashioned works of fiction!
Of course that would require that the SEC do something other than watch porn in their offices, and that would be hard. I note with some bemusement that just recently when the SEC "froze" a Goldman trading account over alleged "inside information" it was later claimed in the press that Goldman didn't know who the beneficial owner of the account actually was.
What happened to the law requiring that brokerages doing business in the US know who the beneficial owners of the accounts are, and why didn't that claim trigger an immediate indictment?
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Looking for "The Best of Market Ticker"? Check out Ticker Classics.
Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.
Market Ticker content may be reproduced or excerpted online provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media.
Submissions may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.
Leads on stories of current economic and political interest are always welcome. Our fax tip line is 850-897-9364; please include contact information with your transmission.