It's been a rough year for Research in Motion (RIM). In addition to the BlackBerry maker struggling to compete against ubiquitous Android and iOS devices, the tablet market has been even less friendly to the Canadian-based company. On Monday, word broke that RIM is reportedly considering a discontinuation of its PlayBook touchscreen tablet.
RBC Capital Markets Managing Director Mike Abramsky issued a note to investors this morning which "reiterated an OTR Global report that Research In Motion is possibly planning to stop production of the BlackBerry PlayBook’s Wi-Fi model ... The reasons for the discontinuation of the Wi-Fi edition, Abramsky states, could be related to a pullback in production, a move that would align channel inventory with slower than expected sell-through, in addition to RIM focusing on upcoming cellularly-connected PlayBook versions."
RIM released its long-awaited, 7-inch tablet in April in North America, and has been making plans to sell it in other countries around the world. It retails for $499 for a model with 16 gigabytes of storage, $599 for a 32 GB version and $699 for 64 GB. That's the same price as Apple's iPad 2.