RIM to bear $485 million charges for low PlayBook sales

Reports over the past months have made it clear that PlayBook, RIM's ambitious step at tablets did not quite perform the way its makers expected it to. In fact, just a couple of months ago, we had reported about several units of the PlayBook tablet were lying untouched in RIM's inventory, all bearing testimony to the fact that sales of the tablet have not been upto the mark. Now, an official post on the company's blog states that RIM has agreed to bear charges of this loss, which amount to a mind boggling $485 million, roughly $360 million after tax with respect to the inventory valuation of BlackBerry PlayBook tablets.

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