RIM Black Friday 2011: Blackberry Playbook Priced at $199

Blackberry maker Research in Motion announced Monday it would slash the price of its BlackBerry PlayBook tablet, but the price change didn’t go into effect until Tuesday. Now, “for a limited time only,” the tablet is selling for $199 at Best Buy, Radio Shack, OfficeMax, Office Depot, Wal-Mart and Wireless Giant, which is $300 cheaper than the tablet’s original price.

By slashing its price by $300, RIM, based in Waterloo, Ontario, has decided it would rather compete with the similarly-priced Amazon Kindle Fire and Barnes & Noble Nook Tablets instead of the iPad this holiday season.

Early projections show Amazon’s $199 Kindle Fire may sell 5 million units by the end of 2011, and it’s generally believed that the tablet’s early success has “everything to do with its wallet-friendly price tag.” Barnes & Noble’s $249 Nook Tablet currently sells for $50 more than the Fire, yet despite its highly favorable reviews, price seems to be a greater determining factor of success in the current economic climate.