Research in Motion Falls Farther Behind Tablet Competitors
Shares of Research In Motion (NASDAQ:RIMM) dropped almost 6% to $20.99 following the delayed launch of an update for its Playbook tablet. To make matters worse, the update to the operating system was suppose to come out earlier this month as part of the DevCon developers’ conference, but is now scheduled for February.
Senior VP David Smith said, “as much as we’d love to have it in your hands today, we’ve made the difficult decision to wait to launch BlackBerry PlayBook OS 2.0 until we are confident we have fully met the expectations of our developers, enterprise customers and end-users.” He also stated the BlackBerry Messenger, or BBM, will not be included in the update.
Postponing its tablet is another competitive blunder for RIMM.Amazon (NASDAQ:AMZN) will begin selling its highly praised Kindle Fire tablet on Nov. 15, which could lure potential PlayBook OS 2.0 customers away. Not to mention missed holiday sales for RIMM.