BlackBerry Shares Drop More Than 5% as Analysts Resurrect Pessimism

BlackBerry is down more than 5% in trading today, its biggest fall in two weeks.

The decline is due to renewed pessimism from analysts, who seem to have already lost interest in the fact that BlackBerry is once again profitable (even after they not long ago said the Canadian company had “no line of sight to profitability“).

“The US launch of the Z10 started poorly and weakened significantly as the days passed,”  ITG Investment Research analyst Joseph Fersedi said today in a note.

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Some US retailers are claiming that the Z10 is being returned en masse, most often due to what they feel is an unintuitive interface. In some cases, it’s being claimed that returns are exceeding sales. However, no hard numbers have yet been supplied to support this claim.

The BlackBerry Q10 is available for preorders in the UK and Canada and is expected to launch in the US next month.