Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 03 April 2008 06:31

RIM posts earnings

Written by David Stellmack

Image

Fiscal year revenue increases 98% over last year

Research In Motion Limited (RIM)
, the manufacturer of the BlackBerry smartphone and leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market, reported its results for its Q4 and 2008 fiscal year that ended March 1, 2008. 

Q4 revenue was US$1.88 billion, up 102% over its Q4 for 2007.  Fiscal year revenue was $6.01 billion, a 98% increase over its revenue of $3.04 billion last year.  RIM reported that nearly 2.18 million net BlackBerry subscriber accounts were added during the fourth quarter, bringing the number of total BlackBerry subscriber accounts to over 14 million users.  In the fourth quarter alone, RIM shipped nearly 4.4 million smartphones, and during fiscal year 2008 approximately 14 million smartphones.

Jim Balsillie, Co-CEO at RIM issued a statement that said, "We are pleased to report another year of very strong growth with shipments of approximately 14 million BlackBerry smartphones and total revenue of $6 billion. Heightened retail activities helped drive exceptional subscriber growth during the fourth quarter with net subscriber account additions growing more than 32% over the previous quarter and well over 2 million net subscriber accounts added in a single quarter for the first time.  Looking forward, the prospects for RIM and the industry are more exciting than ever and we will continue to work closely with a thriving ecosystem of partners to build on our momentum during the year ahead."

Revenue for the Q1 of fiscal 2009 (which ends May 31, 2008) is anticipated to be approximately $2.5 billion, with new subscriber account additions of about 2.2 million.

Last modified on Thursday, 03 April 2008 09:55

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments