Saturday, 24 August 2019

RIM to take $485 million charge on tablet inventory

By Nick Wood, Total Telecom
Friday 02 December 11

Embattled Canadian device maker lowers revenue, earnings guidance; expects device shipment decline in fourth quarter.

RIM on Friday lowered its guidance and announced it will book a $485 million write down on its large PlayBook tablet inventory in the company's fiscal third quarter. The struggling Canadian device maker said it shipped around 150,000 PlayBooks to its channel partners during Q3, but sell-through to end users over the same period was higher than that amount…

RIM on Friday lowered its guidance and announced it will book a $485 million write down on its large PlayBook tablet inventory in the company's fiscal third quarter. The struggling Canadian device maker said it shipped around 150,000 PlayBooks to its channel partners during Q3, but sell-through to end users over the same period was higher than that amount…

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