RIM revenues surge in Q3


BlackBerry maker Research In Motion (RIM) has increased its revenue in the three months ended November 28, 2009 compared with the same period last year by 41 per cent to $3.9 million (£2.4 million).

Around 82 per cent of its revenue came from devices sold in the period, 14 per cent from services, two per cent from software and two per cent from other revenues.

During its third quarter, RIM shipped 10.1 million devices globally, and over 75 million since launch in 1999. RIM added around 4.4 million net new BlackBerry subscribers during the period and at the end of the quarter, it had 36 million customers globally. 

RIM co-chief executive Jim Balsillie said: “We are pleased to report record shipments of more than 10 million BlackBerry smartphones during the third quarter with higher than expected revenue, earnings and subscriber growth.

“RIM is experiencing a great start to the holiday buying season and the strong Q3 results and Q4 outlook clearly reflect the strength of our diversified product portfolio as well as the success of our efforts to expand into broader customer segments and new geographies while maintaining our strong position in North America.”

Net income for the quarter was $628.4 million compared with $475.6 million in the previous quarter.

RIM expects to receive between $4.2-$4.4 billion in revenue in its fourth quarter ending February 27, 2010. It also anticipates to have 4.4 – 4.7 million net subscribers in Q4.