RIM’s Third Quarter Results Outperform
RIM’s quarterly earnings were up 45% from the previous quarter, with a record number of BlackBerry handsets shipped in the quarter. RIM said it shipped 14.2 million BlackBerrys, up 40% from a year earlier.
For the quarter ended Nov. 27, RIM reported a profit of $911.1 million, or $1.74 per share, up from $628.4 million, or $1.10 per share, a year earlier. Revenue jumped 40% to $5.49 billion. Approximately 5.1 million net new BlackBerry subscriber accounts were added bringing the total BlackBerry subscriber account base to over 55 million.
Jim Balsillie, Co-CEO at Research In Motion had this to say, "With strong results and momentum from our recent product introductions, as well as growing excitement from our partners and customers around upcoming smartphone, tablet, software and service offerings, we are setting the stage for continuing success."
With another solid quarter, RIM has increased their projections for the fourth quarter. We can’t wait to see Steve Jobs reaction to this.
