RIMM: Pacific Crest Says Sell-Through “Disappointing”

Is BlackBerry demand souring? Research In Motion (RIMM) is seeing “disappointing” sell through trends, according to Pacific Crest’s James Faucette . “Our checks with carrier retail outlets across North America and with third-party retailers in Western Europe indicate that BlacBerry handset sell-through through the middle of October has been slightly disappointing,” he wrote in a research note this morning. He asserts that early sales of the Pearl Flip are “tepid at best,” with “particularly disappointing” demand at T-Mobile. “We believe that some of the stores had only sold one or two, despite the product having been on sale for a couple of days,” he writes. Faucette notes that “execution problems” are hurting Curve and Bold sales. In Canada, he says, Rogers wireless is seeing supply shortages of the Curve. In the U.K., Orange has suspended Bold sales due to software issues with the product. In ... (link)