There’s no question that weak PlayBook tablet sales and overall Q1 results are causing an economic tailspin for RIM. The real question is, can RIM lick their wounds and land back on their feet again. Stocks are way down and there’s a shift occurring which will involve plenty of job cuts in order to stay afloat.
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Since RIM launched their PlayBook tablet exactly one month ago it’s estimated they have sold approximately 250,000 units. On average that’s more than 8,300 sales per day. Not too shabby. According to Mike Abramsky, who is the GM for RBC Capital Markets, sales in fact have been quite steady since the PlayBook was introduced to the market.