50,000 PlayBook Tablets Sold on Launch Day

Despite all the negative reviews its received before its launch, the BlackBerry tablet PlayBook sold more than expected on Tuesday, accroding to an analysis of the sale figures on Wednesday, Research In Motion (RIM) might have sold 500,000 tablets on launch day.The analysis by the Toronto-based RBC Capital Markets, which is an investment bank of […]

Despite all the negative reviews its received before its launch, the BlackBerry tablet PlayBook sold more than expected on Tuesday, accroding to an analysis of the sale figures on Wednesday, Research In Motion (RIM) might have sold 500,000 tablets on launch day.

The analysis by the Toronto-based RBC Capital Markets, which is an investment bank of the country's top Royal Bank of Canada (RBC), said 11% of retail stores reported selling all their stock on the opening day.

Though these figures are just one-sixth of the 300,000 iPads sold by Apple on launch in April last year, the PlayBook's first-day sales are much better than those of other tablets such as Samsung's Galaxy Tab and Motorola's Xoom - both of which run Google Android operating system.

Future Shop, Best Buy, Sears and Staple are the major chains which are selling the PlayBook in North America.

Many of 180 Best Buy stores were reporting that they were out of stock, according the report.

Analyst Peter Misek of Jeffries & Co, in his research note Wednesday, said, "While the launch of the Playbook is not attracting overnight crowds, pre-order sales and in-store demand in major cities has been solid; however, AT&T's prohibition of free tethering is an unexpected negative."

According to his projections, RIM sold about 25,000 tablets through pre-orders and retail outlets accounted for another 20,000 tablets.

"If correct, 45K+ sell through on the first day would be a success," Misek wrote in his research note.

[Via:: Economic Times]