RIM Looks To Possibly Discontinue Wi-Fi Version Of Blackberry PlayBook
In a note to Research In Motion (Blackberry) investors Monday afternoon, RBC Capital Markets Managing Director Mike Abramsky suggested the company will look to discontinue production on its Wi-Fi Blackberry PlayBook. The Wi-Fi model of the PlayBook tablet is the only version Research In Motion currently manufactures.
“Weak PlayBook sales may not be the only reason — RIM appears to be focusing resources around 3G/4G PlayBook, QNX ‘superphones,’ and upcoming Blackberry launches,” Mr. Abramsky wrote in a note to clients on Monday.
Abramsky cites lackluster Wi-Fi model sales as just part of the reasoning behind a shift in Blackberry’s focus towards a series of upcoming 4G versions of the PlayBook. Meanwhile, shares of RIM continue to suffer this year, shedding nearly 60% of their value as the Blackberry maker has struggled to keep pace with competition giants Apple and Google Inc.
Not surprised @ all.