The price cut for Research in Motion's Blackberry Playbook has apparently worked, at least for one retailer. News.com reports that Best Buy has now sold out of the seven inch tablet device that was struggling in sales before a huge price reduction last week. RIM cut the price of the tablet down to $199.99 for the 16 GB version and to $299.99 for the 32 GB version "for a limited time".
While the article is not clear on how many tablets were sold at Best Buy, the retailer did say it plans to restock its stores with the product as well as selling the device online. This news contradicts earlier rumors posted by web sites such as SlashGear that suggested that Best Buy was canceling orders for the Playbook and pulling ads for the device.
In any case, it seems that the sweet spot for selling tablets that are not Apple's iPad is the $199-$299 price point. Amazon seems to be doing very well with that price with the Kindle Fire tablet. If the Playbook continues to sell out of its units at its "limited time" price levels, you can bet that RIM will be making that price a permanent one. In the meantime, one wonders if Apple is paying attention and could lower the price of its iPad a tad to compete.