Canadian handset manufacturer,
) plans to launch its new 4G LTE-based BlackBerry Q10 smartphone
) network. Priced at $199.99, the smartphone is expected to hit
the Sprint stores on Aug 30, 2013 with a two-year contract.
BLACKBERRY LTD (BBRY): Free Stock Analysis
SPRINT CORP (S): Free Stock Analysis Report
AT&T INC (T): Free Stock Analysis Report
T-MOBILE US INC (TMUS): Free Stock Analysis
To read this article on Zacks.com click here.
BlackBerry Q10 is based on BB10 platform and offers both QWERTY
and touch screen support. It also features an 8 MP rear camera
supporting HD video recordings and a 2 MP front camera. The
device is also equipped with a 1.5 GHz dual-core processor and a
16 GB expandable memory.
Sprint will offer two of its popular plans with BlackBerry Q10.
Both My Way and My All-in plan offer unlimited voice, data and
text service priced at $80 and $110 per month, respectively.
However, My All-in plan offers an additional benefit of 5GB of
Wi-Fi data access free.
BlackBerry Q10 is already available on
), Verizon Wireless and
T-Mobile US Inc.
) network. So, Sprint will be the last out of the top four
wireless operators in the U.S. to launch the popular BlackBerry
BlackBerry reported dismal first-quarter 2014 financial results
with both the top and the bottom lines missing the Zacks
Consensus Estimate. The company sold nearly 6.8 million
BlackBerry smartphones and 100,000 BlackBerry Playbook tablets as
compared with 7.8 million BlackBerry devices and 260,000 tablets
in the prior-year quarter. However, the company sold only 2.7
million BB10-based smartphones in the reported quarter.
Hence, we believe that the launch of BlackBerry Q10 through
Sprint will not only drive its device sales but will also boost
revenues, moving ahead.
Currently, BlackBerry carries a Zacks Rank #3 (Hold).