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Record BlackBerry Sales for RIM in Q3

By CIOinsight  |  Posted 12-17-2010 Print
Despite gains made by Apple's iPhone and Android-based smartphones, RIM sees record BlackBerry sales in the third quarter and a 40 percent jump in revenue.

Research In Motion, in a frantic fight to keep its BlackBerry sales strong in the face of fierce competition from Apple's iPhones and smartphones based on Google's Android operating system, announced strong third-quarter financial numbers Dec. 16, ahead of analyst expectations.

Fueled by such devices as the BlackBerry Torch and Curve, RIM reported record BlackBerry smartphone sales, revenues of $5.49 billion, and 5.1 million new BlackBerry subscriber accounts.

RIM Co-CEO Jim Balsilie said the numbers reflected the company's strong product lines and the anticipation around upcoming offerings, include its Playbook tablet, which is expected to hit the market in 2011.

"RIM's business continues to grow and diversify as BlackBerry adoption accelerates in markets around the world," Balsillie said in a statement. "With strong results and momentum from our recent product introductions, as well as growing excitement from our partners and customers around upcoming smartphone, tablet, software and services offerings, we are setting the stage for continuing success."


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