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Massive Price Cuts for RIM Playbook Tablet by Best Buy

Massive Price Cuts for RIM Playbook Tablet by Best Buy

Best Buy is set to offer huge discounts for RIM’s Playbook Tablet computer over the Labor Day weekend, according to InformationWeek.

For a limited time, customers will be able to purchase the 16 GB Playbook for $50 less than the usual price at $449.99. The 32 GB version’s price will also be slashed by $50 and be available for $549.99.

Out of all the discounts being applied to RIM’s device, the best deal seems to be for the 64 GB Playbook which will be sold for $549.99, dropping $150 from its regular $700 dollar price tag.

According to InformationWeek, the larger price cut on the 64 GB model indicates that it does not sell all that well as compared to the versions holding lower amounts of memory.

The HP Touchpad made headlines all last month when it began to sell for $99 after HP decided to stop producing tablets.

RIM’s discount pales in comparison, but at the same time may give the device a significant boost in sales due to the price cuts.

RIM is preparing to announce its second quarter fiscal 2012 results on September 15. According to the company’s earnings call in June, RIM shipped 550,000 Playbooks.

Most tablets alter pricing to compete with Apple’s iPad.

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The price of Apple’s device rarely changes as the iPad sells for $499 and $829 depending on the specs.

HTC is set to introduce a new tablet named JetStream, which will start at $699.99 with a two year service contract from AT&T. The device will be available in stores starting this weekend.

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