Unlike HP, Research in Motion executives said they won't retreat on its PlayBook tablet, which missed fiscal second quarter shipment estimates by a wide margin. In fact, RIM appears to be doubling down on the PlayBook in a big bet that sales will pick up.
RIM moved 200,000 PlayBooks in the second quarter. Wall Street was looking for 600,000. Jefferies analyst Peter Misek was expecting 500,000 units.
Given HP's move to nix the TouchPad, RIM's performance could have sparked thoughts of a PlayBook retreat. Instead, RIM co-CEO Mike Lazardis indicated that the company is stepping up its PlayBook push with a software update that will show enterprises and consumers the light.