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article imageRIM denies claims it's giving up on PlayBook

By Owen Weldon     Sep 30, 2011 in Technology
John Vinh, a chip analyst at Collins Stewart’s, says that he believes that Research in Motion (RIM) has stopped making the PlayBook tablet.
Vinh also said that he thinks that RIM is considering leaving the tablet market altogether. Vinh was citing Quanta, the original design maker.
Vinh wrote that Quanta acknowledged that they laid off a large number of workers in the production department. The workers’ jobs were to produce the PlayBook tablet. Vinh also wrote that Quanta did some research and there were signs that production of the tablet was halted and any additional tablet projects were canceled.
A spokesperson for RIM called the comments fiction and that they usually don’t address rumors, according to PC Magazine.
The spokesperson said that anybody that suggests that the PlayBook is going to be discontinued is making up fiction. She went onto say that RIM is still very committed to the tablet market.
In the last six weeks of RIM’s fiscal first quarter, they shipped over 400,000 PlayBooks out and another 200,000 more in the full second quarter.
Some retailers have cut prices on the PlayBook but analysts think retailers are just trying to push out rising inventory, according to Reuters.
On Thursday afternoon RIM’s shares were at $21.32, down 2.6 percent. So far this year alone, RIM shares are down more than 50 percent.
More about Rim, Playbook, Tablets, playbook tablets, Blackberry
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