More bad news for troubled BlackBerry maker Research in Motion, with reports that the company has accumulated $US1 billion in unsold inventories.
According to Bloomberg Businessweek, the figure represents a sharp year-on-year increase from $US618 million, despite a $US485 million writedown of its Playbook inventory in December and a $US267 million writedown of BlackBerry inventory in March.
The $US1 billion inventory figure represents the cost of devices stored by the company in its own warehouses, and does not include any stock held by distributors, retailers, or carriers.
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The inventory news comes after the company announced plans to slash 10% of its global workforce earlier this week.