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Wednesday, December 29, 2010

RIM's (Nasdaq:RIMM) Playbook Not Impressive to Kaufman

With news circulating that RIM's Playbook is not only being challenged by low battery life, but more importantly, improving it has brought the company the possibility of releasing the Playbook after Apple (NASDAQ:AAPL) releases their second-generation iPad, which could be a disaster.

Even if everything had gone right, it's still questionable, according to Kaufman analyst Shaw Wu on whether anyone other than Apple via their iPad will generate significant tablet sales.

Wu stated, “We are not convinced tablets outside of the iPad will see high volume success.”

As far as battery life, the iPad can last as long at 10 hours, and Samsung Galaxy Tab powered by Google's (NASDAQ:GOOG) Android can last up to 6 hours.

Wu doesn't see RIM able to sell more than 700,000 units of the Playbook next year.

Kaufman maintains a "Hold" rating on RIM, which closed Tuesday at $58.02, down $0.45, or 0.77 percent. Kaufman has a price target of $60 on them.

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