The Mobile Spoon - Gil Bouhnick's Mobility Blog
Home My Favorites iOS Apps Talk To Me About

Dec 21, 2009

Despite of the sharks - RIM is still doing well

BlackBerry_Sharks

System outage? Emerging competition? All of those do not seem to impress RIM that have recently reported a strong Q3.

According to Engadget, the company's shipments broke the records in Q3 and the profits jumped by 59%. RIM also confirmed the earnings of $628 million off the back of a record-breaking 10 million units sold -- but the way it's making its money seems to be changing. More than 80 percent of new BlackBerry subscribers in the quarter were private customers, marking a distinct shift -- maybe not away from the corporate arena, but definitely toward embracing the consumer market.

There are analysts that predict the fall of the BlackBerry as Google Android seems to be a stronger platform and Apple's iPhone obviously makes a better entertaining job, but the same magic that made me addicted to my BlsckBerry Bold (yes, you need to read it to believe it: The Truth About The BlackBerry Bold) seems to work on everyone...

MobileSpoon-BlackBerry-Bold

Looking ahead, the company said it expects revenue to be in the range of $4.2 billion to $4.4 billion and eps in the range of $1.23 to $1.31. Wall Street is expecting eps of $1.19 on revenue of $4.24 billion. RIM said it also expects to add 4.4 million to 4.7 million new subscriber accounts.

Google and Apple are watching closely...

 

If you like this post, subscribe to our RSS Feed.



0 comments:

Post a Comment