BlackBerry delivers bumper spring harvest
Nowt grim for RIM
BlackBerry maker Research in Motion (RIM) has pulled some exceedingly rare positive news out of the hat in the middle of a grim month for the mobile sector.
While the rest of the mobile sector is ailing as consumers hold back from buying high-end handsets, RIM's latest figures show it milking it big time.
Reporting its year-end results this week, RIM said it had nearly doubled its revenues in the last year. There are now officially 14 million CrackBerry accounts out there.
RIM reported that it had turned over $6.01bn on handsets and services in fiscal year 2008, up 98 per cent from fiscal 2007, topping analyst estimates which reckoned it wouldn't break through the $6bn barrier. Shares rose six per cent on the news.
Net income also bounced, rising to $1.29bn from $630m the year before.
"Heightened retail activities helped drive exceptional subscriber growth during the fourth quarter," said Jim Balsillie, one half of RIM's CEO double-act. "Looking forward, the prospects for RIM and the industry are more exciting than ever."
RIM most likely has that industry tightly defined, stretching little beyond its own monopolistic position.
Other handset makers, like Motorola, have been less fortunate. ®
Its that simple formula ...
well designed product that works.
Full disclosure - 8300 , even better now that i finally got around to installing opera mini
Feel the love?
Not holding my breath on the idea of the iBoners admitting their electronic fashion accessory just got trounced in the bizz market, as predicted by anyone with half a clue.
Full disclosure - eagerly awaiting my new company 8800 with GPS; would have to be paid to take an iPhone.
Hm... RIM products selling good... being the only ones with actual good security preferred by large organizations, good battery life, is this to be surprised with?
The iBone's crippled in strategic areas that would make the device useless for business use (at least for legally developed apps), Windows Mobile's a joke, so that leaves only Symbian-based smartphones as real RIM competitors.
As the previous commentor, full disclosure: BB 8100 user, I'd say those were the best spent $300 of the year.