RIM's (RIMM) PlayBook Sees High Return Rates, Sales Missing Retailer Estimates -BGR
Shares of Research In Motion (Nasdaq: RIMM) are down more than 1.5 percent Friday morning following a very concerning report from Boy Genius Report.
Citing sources from a "major big box retailer," BGR rumors sales of RIM's PlayBook missed that retailers estimates drastically -- by more than 90 percent. The source also suggested the PlayBook has been returned even more than Motorola's (NYSE: MOT) XOOM tablet, a device which has a very high return rate at around 7 percent.
RIM shares last traded at $43.63.
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Citing sources from a "major big box retailer," BGR rumors sales of RIM's PlayBook missed that retailers estimates drastically -- by more than 90 percent. The source also suggested the PlayBook has been returned even more than Motorola's (NYSE: MOT) XOOM tablet, a device which has a very high return rate at around 7 percent.
RIM shares last traded at $43.63.
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RIM fights back against
Joseph on May 20, 2011 03:26 PMMark as Spam
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