News

Blackberry reports handset sales of over 12 million

Warwick Ashford

BlackBerry maker Research in Motion (RIM) has reported sales of 12.1 million handsets in its second fiscal quarter results.

This was above analyst expectations, said the Financial Times, but the firm added only 4.5 million new subscribers in the quarter, 700,000 short of the top forecasts said US reports.

RIM reported revenue up 31% from the previous year to $4.62bn (£2.94bn), above analyst expectations of $4.5bn. Net income was up by 68% to $796.7m, which was enough to push shares up 4.5% in after-hours trading.

Analysts were not expecting such a strong quarter because RIM has been facing growing demands in the Middle East for government access to encrypted BlackBerry communications because of security concerns.

BlackBerry devices are also facing increasing competition from the iPhone and a host of new devices running Google's Android mobile operating system.

RIM acknowledged that sales in some Middle East markets had suffered, but said the impact had been only temporary.

Sales in the US were buoyed by the launch of the BlackBerry Torch in partnership with network operator AT&T.


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