Research In Motion Ltd (BBRY): Will BlackBerry’s Next Tablet Shock or Sink?

Research In Motion Ltd (NASDAQ:BBRY) won’t make another tablet to replace the ill-fated Playbook anytime soon. The company is thinking about how to make a tablet that stands apart from the pack. “How can we take this to the next stage and not just be another tablet, or another design of a tablet?,” CEO Thorsten Heins said at the Australian BlackBerry Z10 launch this week. “How can we really add value?”

Okay, cool. But did he tell the rest of his company? I’m asking, because Thorsten’s director of product management just told a very different story.

Will the next Playbook look and feel a lot like this one, or will it be radically different? When should we expect the announcement? So many questions, not a lot of answers.

At the BlackBerry User’s Forum confab in Dubai, Mike Al Mefleh told Emirates 24/7 that the Playbook product line is very much alive.

We have a very clear road map. The company will launch six additional new devices in 2013, plus at least one new Playbook design. The brand new tablet should launch by the end of the second quarter. Moreover, the old Playbooks will receive a software update to run the BB10 platform — probably before the follow-up model hits store shelves.

So what does this doublespeak mean? Should Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) brace for a fresh assault from Research In Motion Ltd (NASDAQ:BBRY) tablets? I see a few distinct possibilities here.

Heins is right and Al Mefleh misspoke: Another Playbook is coming, but not soon, and it will be very different from the old model. This will be a worthy replacement for iPads and Android slates, and might launch by the holiday shopping season if Heins is lucky.

Al Mefleh speaks the truth, Heins is sandbagging: The new model is further along than the CEO would be comfortable admitting, and his lieutenant just tipped Research In Motion Ltd (NASDAQ:BBRY)’s hand big time. A radical redesign seems unlikely under these circumstances, particularly given the trailing-edge profile of the Z10 and Q10 smartphones. Expect a speed bump and BB10, but no truly revolutionary features.

It’s all semantics: What Heins calls “not soon” might be next quarter for Al Mefleh. Both men might be technically correct, but then you’d still end up with a rushed release that’s short on wow factor.

Two of these three outcomes would be bad news for Research In Motion Ltd (NASDAQ:BBRY) as a brand, and for its investors. Another blah tablet would sink without a trace amid the strong iPad and Android competition.

So, let’s hope that Heins presented the correct story, and that Research In Motion Ltd (NASDAQ:BBRY) takes its time to get this thing right. It can’t afford to miss another holiday season, but a back-to-school release that incorporates some new thinking could actually do something here.

Oh, and should we really expect another four Research In Motion Ltd (NASDAQ:BBRY) smartphone models this year? Hard to tell when we can’t be sure who’s really in the know.

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Fool contributor Anders Bylund owns shares of Google, but he holds no other position in any company mentioned. Check out Anders’ bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Apple and Google. Motley Fool newsletter services have recommended buying shares of Apple and Google. Motley Fool newsletter services have recommended creating a covered bull call spread position in Apple.

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