BlackBerry asks US, Canada to review false reports on Z10 return rates

BlackBerry asks US, Canada to review false reports on Z10 return rates

Few days ago investment firm Detwiler Fenton pretty much invented the story that BlackBerry Z10 devices were returning in volumes. BlackBerry and Verizon Wireless reacted to refute the claims, even calling these findings “absolutely false.”

As you could imagine, this isn’t something BlackBerry shareholders like and the company is now asking US’ Securities and Exchange Commission and Canada’s Ontario Securities Commission to review this false and misleading report about retail return rates.

According to BlackBerry’s President and CEO Thorsten Heins, sales of the BlackBerry Z10 are meeting expectations with the data suggesting customers are satisfied with their devices. He goes on to say that return rates are “at or below our forecasts and right in line with the industry.”

“To suggest otherwise is either a gross misreading of the data or a willful manipulation. Such a conclusion is absolutely without basis and BlackBerry will not leave it unchallenged,” Thorsten added.

No one likes folks posting misleading information and if the party doing so is a bank, it’s that much worse. BlackBerry is giving its best to get back to the game and false claims like these don’t help anyone…

  • Roaduardo

    I can understand companies who are directly affected by these claims but I’ll never understand Blackberry users (who are not shareholders) who come to RIM’s defense in such a strong way as they do. They seem to treat any criticism of RIM and it’s devices as some kind of personal attack on them. It’s so strange.

    • http://www.healthcarereviews.com/ Paul Fezziwig

      Lots of loyal Blackberry users. After a year of unrelenting bogus reports they finally had enough, I’m surprised they didnt respond sooner and wish them the best of luck…these corrupt analysts are parasites on our economy and society, hopefully the SEC will actually do something other than sit on the butts for this one.

      • Roaduardo

        It seems to be more of a problem for weaker companies like RIM rather than the Apples and Samsungs of the business world. Both of whom produce wildly more popular products.

        I hope RIM the best as well but regardless of false claims by these “analyst” its easy to see their devices and OS is in a sharp decline in popularity.

        iOS and Android being the world’s top two mobile OS with Microsoft fighting for third.

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