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.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags mobilesmartphonesbusiness issuesGoogleAppletelecommunicationPhonesfinancial resultsconsumer electronicsresearch in motionHandhelds / PDAsCanalysJim Balsillie

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Grant Gross

IDG News Service
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?