Research in Motion must chart a tough course in India. It needs to launch cheaper handsets to woo lower-end subscribers, as the price conscious market will not buy the expensive devices launched elsewhere.
The device has already garnered good reviews, which helped RIM stock surge.
Often called Canada's version of Warren Buffet, Watsa preaches a long view that suggests it may be too early to assess his decision to take on a leading 10 per cent stake in BlackBerry.
Despite recent enthusiasm for RIM's new BB10 devices, we see limited scope for traction in the hyper-competitive smartphone market.
Security agencies are making "rather astonishing" demands for increased powers to monitor e-mail and other data traffic.
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