Analyst says RIM may have halted PlayBook production

Thu Sep 29, 2011 10:40pm IST

A Research In Motion (RIM) staff reads a document on her BlackBerry PlayBook tablet device during the CommunicAsia expo in Singapore June 21, 2011.  REUTERS/Tim Chong/Files

A Research In Motion (RIM) staff reads a document on her BlackBerry PlayBook tablet device during the CommunicAsia expo in Singapore June 21, 2011.

Credit: Reuters/Tim Chong/Files

Related Topics

REUTERS - An analyst said on Thursday that BlackBerry maker Research In Motion may have halted production of its PlayBook tablet computer and canceled additional tablet projects.

"We believe RIM has stopped production of its PlayBook and is actively considering exiting the tablet market," Collins Stewart semiconductor analyst John Vihn wrote in a note.

He cited last week's news that contract manufacturer Quanta Computer had laid off a significant number of workers at a factory focused on producing the PlayBook.

"Additionally, our due diligence indicates that RIM has canceled development of additional tablet projects," he wrote.

The PlayBook has failed to make much headway in a tablet market dominated by Apple's iPad and in which Amazon.com on Wednesday launched a content-rich and cheaper product called the Kindle Fire.

RIM said it shipped 500,000 PlayBooks in the last six weeks of its fiscal first quarter and another 200,000 in its full second quarter.

RIM was not immediately available to comment on the Collins Stewart report.

If true, RIM won't be the first to walk away from tablets. Hewlett-Packard abandoned its TouchPad last month after just seven weeks on shelves.

(Reporting by Alastair Sharp; editing by Peter Galloway)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

COAL BLOCK ALLOCATIONS

REUTERS SHOWCASE

Banned From Bidding

Banned From Bidding

India bans Finmeccanica from bidding for contracts amid graft case.  Full Article 

Sugar Talk

Sugar Talk

Sugar export rebound at risk from rising domestic prices.  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

New Ordeal

New Ordeal

After disasters, stricken Malaysia Airlines staff brace for job cuts.  Full Article 

Deal Talk

Deal Talk

Kleiner to invest in messaging startup Snapchat at near-$10 bln valuation - report.  Full Article 

Expert Zone

Expert Zone

Column - Why inflation is so persistent.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage