The Playbook will go on sale April 19th across North America, and start at a base price of $499, the same as the market dominating iPad. Best Buy will begin taking pre-orders for the product immediately.
"The BlackBerry PlayBook is an amazing tablet that is already being widely praised as a multi-tasking powerhouse with an uncompromised web experience and an ultra-portable design," said Mike Lazaridis, President & Co-CEO, Research In Motion. "Given the high level of customer interest in the BlackBerry PlayBook, we are particularly pleased to be working with such an amazing lineup of retail partners."
The tablet will be able to stream HD video on a 7-inch high resolution screen. It will offer uncompromised web browsing support with Adobe Flash Player 10.1, true multitasking, advanced security features, and out of the box enterprise support as well as a robust development environment.
Research In Motion has a potential upside of 15.4% based on a current price of $63.18 and an average consensus analyst price target of $72.89.
Research In Motion is currently below its 50-day moving average (MA) of $63.90 and should find support at its 200-day MA of $56.37.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has remained constant.
Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.
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