RIMM: Pacific Crest Says September Sales “Slightly” Weak
Pacific Crest analyst James Faucette writes this morning that Research In Motion’s (RIMM) September sell-through numbers are looking “slightly disappointing” ahead of a flurry of new product launches. He says that sales are trending flat with August.
“Our checks with carrier retail outlets throughout the United States and with third-party retailers in Western Europe indicate that sell-through of BlackBerry products through the middle of September is slightly disappointing ahead of significant new product launches,” he writes in a research note. He adds that “sell-through of the BlackBerry Bold in Western Europe has been strong in direct channels but tepid at retail outlets.”