Analyst says BlackBerry Z10 returns not abnormally high

An analyst at Jefferies has revealed that there are no abnormally high return rates for the BlackBerry Z10, contradicting a report by Detwiler Fenton.

An analyst at Jefferies has revealed that there are no abnormally high return rates for the BlackBerry Z10, contradicting a report by Detwiler Fenton.

 
Peter Misek, analyst at Jefferies, said that there was no indication of high return rates in the US, while “anecdotal” checks in Asia showed high demand.
 
The analysis contrasts starkly with the claim by Detwiler Fenton that “in several cases, returns are now exceeding sales, a phenomenon we have never seen before.” 
 
BlackBerry labelled the report, which does not cite its sources or research methodology, as “false and misleading.” The Canadian smartphone firm is escalate the situation by going to regulators with a formal complaint.
 
 Analyst says BlackBerry Z10 returns not abnormally high
 
BlackBerry, formerly called Research In Motion, is hoping to make a major turnaround this years with a slew of devices running the BlackBerry 10 platform. The first of these, the Z10, has already released, while the Q10, complete with the classic BlackBerry keypad, releases later this month in some regions. Misek predicts that the company will launch a further two or three smartphones later this year.
 
At the time of writing, BlackBerry shares were up $0.31, or 2.26 percent, to $14.02. Its value was less than half this point last year, showing renewed confidence in the firm.
 
Source: Reuters