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BlackBerry fell in New York trading after investment research firm Wedge Partners said the smartphone maker has probably scaled back production plans for its flagship Z10 device.

The company may have cut 4 million to 6 million units, Brian Blair, a Wedge Partners analyst, said today in a note, without saying where he got the information. The shares erased gains of as much as 3.3% and were down around 0.5% at $14.82 in late-afternoon trading in New York

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“If accurate, these cuts would mark a meaningful hit to BlackBerry’s own expectations, and full-year units will come in well below consensus views,” said Blair, who is based in New York. “The recent carrier launches in the U.S. have provided no evidence of meaningful sell-through, and a production cut could simply be a reaction to weak sales, post the U.S. launch, and an effort to avoid a channel inventory buildup.”

BlackBerry, based in Waterloo, Ontario, is counting on the touch-screen Z10 and a keyboard model, the Q10, to help it regain market share after ceding ground to Apple Inc. and Samsung Electronics Co.