RIM did a nice job of beating expectations with their latest released quarterly results for the summer. They shipped 12.1 million BlackBerrys which is pretty impressive and breaks their previous records. Of those 12.1 there were 4.5 million new subscribers which is slightly down from 4.9 million last year. Overall it seems like RIM is doing well though they are still getting beat up on the market due to perceived competition from Apple and Google.
Here are some of the highlights of RIM’s results:
- Revenue grew 31% over the same quarter last year to $4.62 billion
- Earnings per share in the second quarter increased 76% to $1.46 over the second quarter last year
- BlackBerry smartphone shipments grew more than 45% over the same quarter last year to 12.1 million and RIM has shipped approximately 115 million BlackBerry smartphones to date
- BlackBerry subscriber account base grew approximately 56% (4.5 million) over the prior year to over 50 million
- Revenue for the third quarter of fiscal 2011 ending November 27, 2010 is expected to be in the range of $5.30-$5.55 billion. Gross margin for Q3 is expected to be approximately 42%.
You can find the full details here
DavidB ( View Profile) - Posts: