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RIM Writedown Risked With $1 Billion Inventory: Corporate Canada – Bloomberg

Research In Motion Ltd. (RIMM)’s stockpiles of BlackBerry smartphones and PlayBook tablets have swollen by two-thirds in the past year because of slumping sales, raising the chances of the company’s third writedown since December.

The value of RIM’s in-house supplies grew 18 percent last quarter alone, a faster rate than at any other company in the industry… And that doesn’t include the BlackBerrys gathering dust at RIM’s carriers and retail partners. Apple Inc. (AAPL), meanwhile, saw its inventory decline 11 percent in the period from the previous three months.

While Research In Motion Ltd. is preparing to release a new lineup of phones based on the BlackBerry 10 software, the transition makes its current models even less appealing.

RIM faces an exodus of customers switching to Apple’s iPhone and devices running Google Inc. (GOOG)’s Android operating system.

via RIM Writedown Risked With $1 Billion Inventory: Corporate Canada – Bloomberg.

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