RIM gains 4.9m customers in Q4

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BlackBerry makers Research In Motion (RIM) reported a record number of net new subscribers for the three months ended February 27, 2010.

It gained 4.9 million during the quarter, up 65 per cent and has 41 million customers in total as of February 27.

RIM received revenues of $15 billion (£9.9 billion), up 35 per cent year-on-year and $4.08 billion for the fourth quarter of the year. During the quarter, 80 per cent of its revenues was from devices, 16 per cent for services and two per cent for software.

The manufacturer shipped 37 million BlackBerry devices globally, a rise of 40 per cent over the year and was the number one selling smartphone manufacturer in the US at the end of 2009.

RIM co-chief executive Jim Balsillie said: “RIM has completed another outstanding fiscal year with record revenue, earnings and subscriber results. Our company and partnerships continued to thrive within one of the most dynamic industries in the world. We managed to significantly expand our international market share while also maintaining our longstanding leadership in North America where BlackBerry continues to be the top selling smartphone brand.

“We are off to a great start in fiscal 2011 and expect strong shipments, revenue, subscriber and earnings growth in Q1. We are also very excited about our portfolio of products and services for the coming year and we continue to see exceptional opportunity for sustained growth.”

RIM anticipates to gain between $4.25 to 4.45 billion in revenues in the quarter ended May 29, 2010 and a gross margin of around 44.5 per cent, with around 4.9 to 5.2 million new net subscribers.

 

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