Goldman Sachs : “We were also surprised by the extent to which Windows Phone is gaining momentum.”
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We must admit, due to our high expectations for Windows Phone 7, we are sometimes disappointed it is not setting the world on fire sales-wise.
Maybe our expectations need to be reset, as Goldman Sachs’s Simona Jankowski see things very differently.
Commenting on the competitive threats to Blackberry’s market share she noted that Windows Phone 7 was an increasingly viable competitor.
“We were also surprised by the extent to which Windows Phone is gaining momentum.†she said before downgrading her price target for RIM from $50 to $40, based on “RIM’s rapidly deteriorating business metricsâ€.
RIM has been increasingly weighed down by an aging product line and operating system, and was recently ambushed by iOS 5’s new iMessage system.
Of course Windows Phone 7.5 with its deep native Messenger, Skype, Facebook and Twitter integration offers much more than iMessage in a much more open platform, and is expected to reach volume in 2012 with Nokia’s adoption. However with Jankowski already seeing momentum maybe RIM needs to be looking out even before then.
Via Barrons.com
