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Monday, September 20, 2010

RIM says over 12 million BlackBerry smartphones were shipped in the last quarter

Research In Motion has published its second quarter results for the three months ended 28th August 28 2010. It says revenue grew 31% year-on-year to $4.62 billion, its subscriber account base grew by approximately 56% to over 50 million (although it had hoped for more) and BlackBerry smartphone shipments grew more than 45% over the same quarter last year to 12.1 million.

The revenue breakdown is approximately 79% for devices, 17% for service, 1% for software and 3% for other revenue. Net income for the quarter was $796.7 million, up on the previous quarter and year-on-year.

Jim Balsillie, co-CEO at Research In Motion, said "RIM set another new record in the quarter by shipping over 12 million BlackBerry smartphones. This accomplishment and RIM’s solid financial results during the second quarter were driven by effective business execution and strong demand for RIM’s portfolio of BlackBerry smartphones and services in markets around the world. We expect a continuation of this momentum in the third quarter as we extend the rollout of new products including the BlackBerry Torch into additional markets and benefit from heavy promotional activities and increasing customer demand as we head into the holiday buying season."

[Research In Motion results (pdf)]

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Author: The Fonecast
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