RIM reports revenues up 37% for Q2

RIM reports revenues up 37% for Q2

BlackBerry maker RIM has reported revenues up 37% to $3.42bn (£2.13bn) for its second quarter ended 29 August.

Meanwhile, net profit fell to $475.6m (£296m), from $495.5m (£309m). The company said the result includes a charge of $112.8m (£69.9m) for settling its litigation with Visto.

The company shipped 8.3 million BlackBerrys during the period, and 3.8 million subscriber accounts were activated, totaling 32 million worldwide.

RIM forecast third-quarter sales of $3.60bn to $3.85bn (£2.2bn to 2.4bn), with a gross margin of around 43%

The company said net subscriber additions should reach 4.0 to 4.3 billion in the three months to November.

After finding success in the business market, RIM has been targeting the consumer, where the BlackBerry is competing with Apple's iPhone.

Written by Mobile Today
Mobile Today


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