Shares of BlackBerry stock tumbled early Friday, after the company reported an unexpected loss of $84 million and that it shipped just 2.7 million smartphones running its new BlackBerry 10 platform last quarter.
Ailing Research in Motion on Tuesday released the long-awaited PlayBook OS 2.0 update for the company's tablet, but poor sales and missed deadlines could translate into a product that offers too little, too late.
New data released on Wednesday suggests Research in Motion's PlayBook tablet has managed a ten percent increase in Canadian marketshare on substantial discounts, and has pulled the share of Apple's iPad down to 68 percent.
Despite the fact that it has a new CEO at the helm, Research in Motion will not see a major shakeup in the near future, and will continue to support the PlayBook tablet and the BlackBerry 10 platform as previously planned.
As Research in Motion is rumored to be planning for a major shakeup in its board of directors, the company has begun an odd sale in which all PlayBook models, regardless of capacity, are priced at $299.
Quarterly shipments of Research in Motion's BlackBerry smartphones saw a slight decline year over year to 14.1 million units, while PlayBook shipments dropped sequentially to 150,000, according to the company's latest quarterly earnings report.
More than 40 percent of owners of smartphones on BlackBerry, Windows Phone and Android platforms prefer Apple's iPad to tablets from their current smartphone operating system makers, according to a recent survey.
After struggling to gain an edge over its competitors with its BlackBerry smartphones and tablets, Research in Motion has conceded some ground to Apple and Google with the announcement of Mobile Fusion, upcoming security software for the iPhone and Android.
Adobe revealed Wednesday that its cancellation of Flash development on mobile devices will also extend to TV-related "digital home devices," while Research in Motion promised to continue in-house development of Flash for its PlayBook tablet.
Adobe on Wednesday confirmed that it will no longer develop its Flash Player for mobile platforms like Android, and will instead pour its efforts into creating Adobe AIR applications for native storefronts like Apple's iOS App Store.
Adobe has briefed its employees on the company's plans to abandon development of Flash player for mobile browsers in a blow to Google Android and Research in Motion PlayBook tablets, according to a new report.
After sales of Research in Motion's PlayBook tablet slumped last quarter, Quanta Computer has laid off about 1,000 workers working on production lines set up specifically for the device, according to a new report.
Research in Motion reported disappointing earnings for its most recent quarter, announcing that profits has slipped 47 percent while it shipped just 10.6 million smartphones only 200,000 PlayBook tablets.