RIM?s Troubles Continue: BlackBerry PlayBook Costing Company $485 Million

RIM can't catch a break. Not only is the company coping with dismal PlayBook tablet sales, it's also taking a near half-billion dollar hit for sitting inventory that must now be sold at rock-bottom prices. RIM announced on Friday that the company wouldn't be meeting its financial targets for the year, primarily due to the unsuccessful performance of the BlackBerry PlayBook tablet. It pushed 150,000 units this quarter, compared with 250,000 last quarter, and 500,000 in the first quarter of the year.

Source: http://www.wired.com/gadgetlab/2011/12/rim-troubles-continue/

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