“Research In Motion is facing skeptical investors unsure the BlackBerry maker can pull off a difficult transition as it promises strong growth based on a tablet and operating system few have seen,” Alastair Sharp reports for Reuters.
MacDailyNews Take: Reality finally begins setting in.
Sharp continues, “Shares of the Canadian company opened more than 10 percent lower on Friday, the morning after it warned of weak profit and revenues in the short term as it ramps up for next month’s launch of the long-anticipated PlayBook tablet. RIM has spent heavily developing and marketing the device, designed to snatch some glory away from Apple’s iPad, which virtually invented the now-crowded tablet market.”
MacDailyNews Take: RIM’s PlayBook is tremendously overpriced, with storage sizes priced similarly to Apple’s iPad, but the thing saddles misguided customers with a cheap-looking screen that’s only 45% as large as iPad’s.
Read more in the full article here.
MacDailyNews Take: Corporate executives, if you find that your IT doofuses are pushing RIM PlayBooks on you, it’s time to get some new IT people.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
RIM shares drop on BlackBerry revenue miss, weak outlook; PlayBook to run Android apps – March 24, 2011
RIM to launch PlayBook on April 19 starting at $499; screen is just 45% as large as iPad’s – March 22, 2011