Monday, February 14, 2011

Research in Motion (NASDAQ:RIMM) Playbook to be Released in Spring

According to Research in Motion's (NASDAQ:RIMM) CEO Jim Balsillie, the first high-end tablet to be compete with Apple's (NASDAQ:AAPL) iPad will be released in early spring; sometime in the latter part of March or early April.

That seems to dispel rumors it was going take longer than that for the Playbook release.

Speaking at the World Mobile Congress in Spain, Balsillie said the progress on the Playbook tablet is moving along at a pace the company has expected.

Balsillie also refuted the continual reports by analysts that the device will be held back by low life of its batteries.

Playbook already has a deal with carrier Sprint (NYSE:S), and says believe they'll be able to secure carrier deals for the Playbook with other giants like Verizon (NYSE:VZ) and AT&T (NYSE:T).

The mobile device should be priced at under $500, giving it a price advantage over Apple's iPad.

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