Menu
RIM posts revenue gains on BlackBerry sales

RIM posts revenue gains on BlackBerry sales

Research In Motion shipped more than 12 million BlackBerry smartphones last quarter

Research In Motion reported revenue gains of nine per cent in its latest financial quarter, driven by Blackberry subscriber gains and record device sales, the company said Thursday.

RIM's revenue was $US4.62 billion for its second quarter of 2011, which ended 28 August, compared to revenue of $4.24 million for the second quarter of 2010. The company shipped 12.1 million BlackBerry smartphones during the period, a quarterly record for RIM and a 45 per cent increase from the year earlier.

Apple, by comparison, sold 8.4 million iPhones during the quarter that ended 27 June. Google's Android operating system shipped in 14.7 million phones during the second quarter of 2010, according to research from Canalys.

Some analysts have predicted that RIM will lose ground in the business market to Apple and Android, but its subscriber base is growing. RIM now has more than 50 million subscribers, after a net increase of 4.5 million during the quarter, the company said.

The BlackBerry sales record shows "strong demand for RIM's portfolio of BlackBerry smartphones and services in markets around the world," Jim Balsillie, RIM's co-CEO, said in a statement. The company expects heavy demand as it rolls out its new Blackberry Torch to new markets, he added.

RIM started selling the BlackBerry Torch 9800, featuring a new operating system designed to be multimedia-friendly, in early August.

RIM's net income for the latest quarter was $US796.7 million, up from $768.9 million in the second quarter of its 2010 fiscal year. Diluted earnings per share was $1.46, while analysts had predicted earnings of $1.35 per share, according to Thomson Reuters.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's e-mail address is grant_gross@idg.com.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags business issuesresearch in motiontelecommunicationPhonesCanalysJim Balsilliefinancial resultsHandhelds / PDAsmobileAppleconsumer electronicsGooglesmartphones

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments