RIM closes fiscal 2010 on a high

Research In Motion (RIM), maker of the Blackberry mobile handset, has posted fourth quarter and full-year earnings for the period ending 27 February and despite intensifying competition has claimed the top spot in the North American smartphone market. Full-year sales rose 35% over 2009 to $14.95

Research In Motion (RIM), maker of the Blackberry mobile handset, has posted fourth quarter and full-year earnings for the period ending 27 February and despite intensifying competition has claimed the top spot in the North American smartphone market.

Full-year sales rose 35% over 2009 to $14.95bn, while fourth quarter sales were up 18% year-on-year to $4.08bn.

Net income for financial 2010 was up 29.8% to $2.46bn. In the final quarter RIM turned a profit of $710m, up 37% year-on-year.

The comparative youth of the smartphone market against more traditional ICT hardware sectors was again demonstrated as RIM made 80% of its sales came from devices and 16% from services. It shipped 37 million units last year, 10.5 million during the fourth quarter.

RIM has been facing down competition from Apple's iPhone device since mid-2007 but competitors are now attempting to gain marketshare in the sector, with firms such as HTC and Nokia giving RIM a run for its money.

Despite this Balsillie remained upbeat, saying: "We are very excited about our portfolio of products and services for the coming year and we continue to see exceptional opportunity for sustained growth."

MicroScope+

Content

Find more MicroScope+ content and other member only offers, here.

Read more on Network Infrastructure Solutions and Services

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

ComputerWeekly

SearchITChannel

Close