Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Samsung Electronics Co., Ltd.
  6. News
  7. Summary
    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BlackBerry Q10 sells strongly in Canada, Britain: analyst

05/03/2013 | 12:22pm EDT
A woman uses her mobile phone at the Blackberry World Event in Orlando

TORONTO (Reuters) - BlackBerry's new Q10 smartphone, which comes with the physical keyboard that many BlackBerry fans prize, is selling well in both Canada and Britain, an industry analyst said on Friday.

The company introduced the Q10, its second smartphone to run the new BlackBerry 10 operating system, in Canada and Britain this week.

"Our checks indicate broad sellouts with generally limited stock otherwise," Jefferies analyst Peter Misek said in a note to clients on Friday. "Based on our store checks, the BlackBerry Q10 has been selling extremely well and has been sold out or seeing limited availability in Toronto and across the U.K."

Jefferies, which has a "buy" rating on shares of BlackBerry, said its findings were based on checks with top mobile carriers and retailers in both countries, including Bell, Rogers and Telus in Canada, and Carphone Warehouse, Vodafone, and Orange in Britain.

BlackBerry hopes its new line of smartphones, led by the touchscreen Z10 device it introduced earlier this year, will help claw back market share lost to the likes of Apple Inc's iPhone and Samsung Electronics Co's wildly popular line of Galaxy devices, which are powered by Google Inc's Android operating system.

Shares of BlackBerry were up 2.2 percent at $16.04 in early trading in the United States on Friday, while its Toronto-listed shares were up 2.8 percent at C$16.21.

PENTAGON CLEARANCE

The Jefferies report came a day after the Pentagon gave the BlackBerry 10 devices, along with Samsung's mobile devices, security clearance for use on U.S. defense department networks.

Earlier this week, the Pentagon said it also plans to clear Apple mobile devices that use the iOS 6 system at some point in early May.

The move is expected to set the stage for a tough fight over defense department orders among Apple, Samsung and BlackBerry. BlackBerry devices have so far dominated the segment.

The Pentagon said its move to open up its networks to a broad array of mobile devices is part of an effort to ensure the military has access to the latest communications technology without locking itself in to a particular equipment vendor.

That said, the Pentagon's stamp of approval was crucial for BlackBerry as it makes it easier for the company to market the devices to other security-conscious government, legal and financial industry clients.

Last week, international law firm Clifford Chance announced that it would roll out roughly 1,600 BlackBerry 10 smartphones to its employees.

Earlier in April, Canadian Tire Corp, which owns a wide range of retail outlets across Canada, said it planned to roll out the new BlackBerry devices to its corporate team across the country.

SECURITY SOLUTIONS

Waterloo, Ontario-based BlackBerry reiterated on Thursday that it plans soon to extend its security capabilities to devices powered by both Apple's iOS software and Google's market-leading Android software.

BlackBerry said in March it planned to offer a service that will separate and secure work and personal data on iOS and Android. The offering is an attempt to encourage large government and corporate customers to continue to use BlackBerry's services to manage mobile devices on their networks at a time when a growing number of people seek to use their personal devices on corporate networks.

The company said testing of the new offering, dubbed "Secure Work Space", has already started and that it will be generally available by the end of June.

The service, powered by the company's mobile device management (MDM) tool BlackBerry Enterprise Service 10 (BES 10), will help secure data stored on devices as well as data that is being transmitted to a device.

Misek said he believes that BlackBerry's device management offering is under appreciated and that BES 10 is being widely tested by corporations.

"We think BlackBerry's MDM software will gain traction throughout this year and see a significant ramp in revenues next year," Misek said in his note to clients.

(Reporting by Euan Rocha; Editing by Grant McCool; and Peter Galloway)

By Euan Rocha


ę Reuters 2013
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.83% 146.06 Delayed Quote.10.08%
BCE INC. -0.46% 64.68 Delayed Quote.18.83%
BLACKBERRY LIMITED -0.23% 12.82 Delayed Quote.51.90%
CANADIAN TIRE CORPORATION, LIMITED -0.59% 195.26 Delayed Quote.16.69%
CURRYS -0.69% 130.4 Delayed Quote.13.39%
ORANGE -1.26% 9.24 Real-time Quote.-3.91%
ROGERS COMMUNICATIONS INC. -0.03% 59.79 Delayed Quote.0.89%
SAMSUNG ELECTRONICS CO., LTD. 1.45% 77200 End-of-day quote.-4.69%
SEEK LIMITED -0.42% 30.62 End-of-day quote.7.33%
SPACE CO.,LTD. 0.92% 987 End-of-day quote.25.10%
TEAM, INC. 1.44% 3.53 Delayed Quote.-67.61%
TELUS CORPORATION -0.14% 28.72 Delayed Quote.13.92%
THE WAREHOUSE GROUP LIMITED 0.00% 3.8 End-of-day quote.38.18%
All news about SAMSUNG ELECTRONICS CO., LTD.
09/17SAMSUNG ELECTRONICS : ISG recognizes HARMAN DTS as a leader in Provider Lens(TM)..
AQ
09/17SAMSUNG ELECTRONICS : Enhances Remote Test Lab Program
MT
09/17FLEXION MOBILE : Lands Distribution Deal for New Strategy Game
MT
09/17South Korea Stocks Rise on Upbeat August US Retail Sales; Samsung Electronics..
MT
09/17Banks beware, outsiders are cracking the code for finance
RE
09/17Any Kioxia-Western Digital deal should ensure equal hubs in Japan, U.S. - sen..
RE
09/17S.Korean stocks end week slightly higher before three-day holiday
RE
09/16Any Kioxia-Western Digital deal should ensure equal hubs in Japan, U.S. - sen..
RE
09/16SAMSUNG ELECTRONICS : Paris' Louvre to Help Expand Samsung's Lifestyle TV Art St..
MT
09/16SAMSUNG ELECTRONICS : Enhances Remote Test Lab Program To Support Developers Wor..
PU
More news
Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
More recommendations
Financials
Sales 2021 274 572 B 231 B 231 B
Net income 2021 39 036 B 32,9 B 32,9 B
Net cash 2021 109 916 B 92,5 B 92,5 B
P/E ratio 2021 12,8x
Yield 2021 1,88%
Capitalization 519 950 B 441 B 438 B
EV / Sales 2021 1,49x
EV / Sales 2022 1,28x
Nbr of Employees -
Free-Float 82,7%
Chart SAMSUNG ELECTRONICS CO., LTD.
Duration : Period :
Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Last Close Price 77 200,00 KRW
Average target price 102 473,68 KRW
Spread / Average Target 32,7%
EPS Revisions
Managers and Directors
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Hee-Chan Roh Chief Financial Officer
Sector and Competitors
1st jan.Capi. (M$)
SAMSUNG ELECTRONICS CO., LTD.-4.69%440 752
HTC CORPORATION21.63%1 102
MERRY ELECTRONICS CO., LTD.-35.15%722
ZEPP HEALTH CORPORATION-21.86%583
JNTC CO., LTD.-24.43%420
UNIDEVICE AG-14.75%37