RIM posts record sales after 40% increase in Blackberry shipments

Research in Motion (RIM) has...

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Research in Motion (RIM) has reported record sales of $5.49bn (£3.52bn) for the third quarter of fiscal 2011, an increase of 40% compared to the same quarter last year, after strong growth in shipments of Blackberry smartphones.

The Blackberry-maker reported shipments of 14.2 million Blackberry smartphones in the period ending 27 November 2010. Sales were up 19% from $3.92bn (£2.51bn) in the previous quarter of the fiscal year and 40% from 2009's figures. Company profits totalled $911.1m (£583.4m) compared to $628.4m (£402.4m) last year.

"We are pleased to report another record quarter with strong growth in shipments of Blackberry smartphones leading to record revenue, subscriber additions and earnings," said Jim Balsillie, co-CEO at RIM.

"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 service offerings - we are setting the stage for continuing success," he added.

RIM said it added 5.1 million new Blackberry accounts in the period to push its subscriber base to more than 55 million.

A RIM spokeswoman also confirmed the company was on target to release its new tablet device, the Blackberry Playbook, by the end of the first quarter in 2011. The tablet device, which will run RIM's new operating system (OS), the Blackberry tablet OS, targets enterprise users and is expected to rival Apple's iPad.



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