‘Clearly This Stuff Isn’t Selling’

Hugo Miller reports for Bloomberg that RIM faces another huge writedown for unsold inventory:

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, according to data compiled by Bloomberg. And that doesn’t include the BlackBerrys gathering dust at RIM’s carriers and retail partners. Apple Inc., meanwhile, saw its inventory decline 11 percent in the period from the previous three months.

★ Tuesday, 29 May 2012