TORONTO, July 11 (Reuters/EP) -
BlackBerry shares fell as much as 5 percent on Wednesday after an analyst said initial sales of its new Q5 device were weak in the U.K., while those of its other BlackBerry 10 devices were lackluster.
"Our data indicates initial Q5 shipments to the UK of plus or minus 10,000 to 15,000 and sales in the first week of plus or minus 5,000," James Faucette, an analyst at Pacific Crest, said in a note to customers.
Faucette, who has long had a pessimistic view of BlackBerry, said his U.S., Canadian and U.K. data indicated that the pace of weekly unit sales with the new BlackBerry 10 operating system kept slowing, and inventory levels kept rising overall.
In late June, the company reported that sales of BlackBerry 10 devices fell well below investor expectations, triggering a sharp sell-off of its shares.
BlackBerry shares were down 4.5 percent at $9.20 (7.01 euros) in morning trading on the New York Stock Exchange. Shares traded in Toronto were down 5 percent at 9.69 Canadian dollars (7.14 euros) at 14:40 GMT.
