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…