BLACKBERRY Mississauga
September 3rd, 2010
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This video was produced in celebration of RIM and Blackberry’s second quarter results –and it might explain why the RIM Blackberry is doing so well….
Source: TORONTO STAR
http://www.thestar.com/
“RIM racks up doubled quarterly sales, profit
Non-business customers take lead for first time
Oct 05, 2007 04:30 AM
Chris Sorensen
Business Reporter
Research In Motion Ltd., maker of the popular BlackBerry email devices, more than doubled its second-quarter sales and earnings as the number of new non-business customers in North America eclipsed new corporate customers for the first time in the company’s history.
Waterloo-based RIM said yesterday that the growth in the firm’s consumer, or “non-enterprise” business, is being fuelled by growing mainstream popularity of so-called smartphones.
They combine data services such as wireless email and Web browsing alongside traditional cellphone functions.
“This is the first quarter where our (new subscriptions) … for non- enterprise were bigger than the enterprise in North America,” Jim Balsillie, RIM’s co-chief executive, told analysts during a conference call after the markets closed.
“The enterprise business is growing very fast and the non-enterprise business is growing very, very fast.”
RIM’s bread and butter has historically been large corporation and government customers, but the consumer market is ripe for growth, Balsillie said.
The future holds more consumer-oriented BlackBerry devices like the Pearl and Curve, which combine wireless email and Internet capabilities with various multimedia functions, such as cameras and music players.
“It’s a more elusive market, but we seem to be honing in on it really nicely,” said Balsillie, adding that consumers now account for a third of RIM’s total subscribers.
RIM said earnings for the second quarter rocketed to $287.7 million (U.S.), or 50 cents a share, compared with $140.2 million, or 25 cents, a year earlier. Sales more than doubled to $1.37 billion. The results, released after the markets closed, were in line with estimates.
RIM’s shares, however, slipped to $98.61 in late trading after closing at $100.54, up $4.28, on the Nasdaq Stock Market. In Toronto, shares closed at $100.30 (Canadian), up $4.28.”
Duration : 0:2:59
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