RIM takes $485 million hit on the PlayBook in Q3

 

Just how much is the PlayBook costing RIM? The BlackBerry-maker revealed that it will be taking a $485 million hit in the third fiscal quarter, thanks to the QNX-packing tablet. The charge reflects flagging sales on the PlayBook, which moved some 500,000 units in its first quarter, followed by 250,000 and 150,000 in the following two. In spite of such numbers, the Canadian smartphone manufacturer remains committed to the tablet, which has seen some healthy price drops in recent weeks, in hopes of staying competitive amongst new crop of budget tablets.

Cell Phones : HTC Netted 17.5 Billion for Q2

 

Another day, another record profit from the folks at HTC. Surely even the Taiwanese handset manufacturer must be bored of reporting this endless stream of good news, right? Yeah, probably not. The company happily announced this week an impressive second quarter net income of NT$17.5 billion ($608 million), more than double what it reported for the same time period the year prior. Overall revenue for the quarter hit NT$124.4 billion, thanks to the ever-present demand for Android handsets. And revenue from the company is expected to keep on growing in Q3 -- maybe boredom isn't so bad after all.