RIM writedown risked with $1 billion inventory

RIM’s stockpiles of BlackBerry smartphones and PlayBook tablets have swollen in the past year because of slumping sales, raising the chances of the company’s third writedown since December.

29th May, 2012
The value of RIM’s in-house supplies grew 18 per cent last quarter alone.

Research In Motion’s stockpiles of BlackBerry smartphones and PlayBook tablets have swollen by two-thirds in the past year because of slumping sales, raising the chances of the company’s third writedown since December.

The value of RIM’s in-house supplies grew 18 per cent last quarter alone, a faster rate than at any other company in the industry, according to data compiled by Bloomberg. And that doesn’t include the BlackBerrys gathering dust at...

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