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BlackBerry Drives Reasearch In Motion's Profits Higher

BlackBerryThe BlackBerry is still the device of choice among corporate users, according to Research In Motion's recent third-quarter earnings report. The Canadian smart phone maker (RIMM) announced a 40% growth in shipments from a year ago to 14.2 million units.

Record shipments helped revenues rise 40% from last year to $5.48 billion. Of this, 62% of sales came from devices, 15% from services an 3% from software and other areas. RIM says it added 5.1 million net new BlackBerry accounts during the third quarter, raising its base to 55 million.

Continue reading BlackBerry Drives Reasearch In Motion's Profits Higher

Research In Motion expects second-quarter sales and profit dip

Research In Motion Ltd. (NASDAQ: RIMM) saw a solid Q1 period, but corporate customer additions dropped while consumer customer additions soared (well, that was the implication anyway). Although the BlackBerry line of devices is selling quite well, RIM announced that it may not be able to meet Q2 targets of $0.98 EPS and $3.61 billion in sales.

RIM executives referenced a quarter that ends August 29 of $0.94 to $1.03 EPS and $3.45 billion to $3.7 billion in sales. It's leaving the possibility that the spending it's seeing to develop the "spectacular" road map ahead -- combined with intense competition with the iPhone and the newer Palm Inc. (NASDAQ: PALM) Pre -- may cause a dip in the current quarter.

Continue reading Research In Motion expects second-quarter sales and profit dip

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Last updated: February 12, 2012: 05:48 AM

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